Oil Prices Drop Under $99

Nov 18, 2011, 10:18 by R.E. Christian

Crude oil prices slipped under $99 per barrel in New York Friday morning, retreating from a strong four-day rally.

On the New York, Mercantile Exchange, crude oil gave up 52 cents to $98.46 per barrel after peaking above $101 earlier in the week.

Home heating oil added 0.87 cents to $3.0919 per gallon. Reformulated blendstock gasoline shed 0.24 cents to reach $2.5132 per gallon.

Henry Hub natural gas prices lost 4.8 cents to reach $3.362 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.384 per gallon Friday from Thursday's $3.393, AAA said.

Source: UPI