facebook
twitter
rss
account
search
search
 

Crude oil falls below $86 per barrel

Dec. 7, 2012 at 6:30 PM   |   Comments

| License Photo
NEW YORK, Dec. 7 (UPI) -- Crude oil prices declined on the New York Mercantile Exchange Friday, continuing a sell-off that began Thursday.

A European Central Bank prediction that 2013 would see negative economic growth for the eurozone was underscored Friday with the German government lowering its forecast for 2013, as well.

In New York, the price of West Texas Intermediate crude oil was down 33 cents to $85.93 per barrel. Home heating oil shed 2 cents to reach $2.9153 a gallon. Reformulated blendstock gasoline gained 1.02 cents to $2.6071 a gallon. Natural gas fell 12 cents to $3.545 per million British thermal units.

At the pump, AAA reported a national average price for regular unleaded gasoline at $3.371 per gallon, down from Thursday's $3.379.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient
2
Eni makes major oil find offshore Congo Eni makes major oil find offshore Congo
3
U.S. sinks $25 million in funding for renewables U.S. sinks $25 million in funding for renewables
4
Elon Musk: We are 'summoning a demon' with artificial intelligence Elon Musk: We are 'summoning a demon' with artificial intelligence
5
U.S. average gas price headed below $3 U.S. average gas price headed below $3
Trending News
Around the Web
x
Feedback