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Dec. 7, 2012 / 6:30 PM

Crude oil falls below $86 per barrel

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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.

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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.

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