Crude oil slips under $103

Sept. 27, 2013 at 8:45 AM
| License Photo

NEW YORK, Sept. 27 (UPI) -- West Texas Intermediate crude oil prices swung lower Friday morning on the New York Mercantile Exchange, dropping under $103 per barrel.

With easing tensions in the Middle East, supply side worries have faded. Crude oil, above $110 per barrel in early September, has returned to prices unseen since early July.

Oil shed 25 cents to reach $102.78 per barrel. Reformulated blendstock gasoline prices dropped 0.68 cents to $2.6982 per gallon. Home heating oil gave up 0.92 cents to $2.9945 per gallon. Natural gas added 1 cent to reach $3.50 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.422 per gallon Friday from Thursday's $3.434, AAA's Daily Fuel Gauge Report said.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting