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Crude Oil Prices Settle Lower
Friday, 29-Jan-2010 6:24PM United Press International
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NEW YORK, Jan. 29 (UPI) -- Crude oil prices slid some more on the New York Mercantile Exchange Friday, ending below $73 a barrel despite reports of a robust economic fourth quarter.

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That is down more than $10 a barrel since early this month.

The Commerce Department said the U.S. economy grew 5.7 percent October through December, but Wall Street markets followed a global trend lower anyway. India's Sensex index rose 0.31 percent Friday, but markets in Japan, China, Taiwan, Hong Kong and Australia fell, adding to uncertainty in commodities markets.

March delivery light, sweet crude lost 75 cents to $72.89. Heating oil prices dropped 0.0162 cents to $1.9029 per gallon. Reformulated gasoline prices shed 0.0143 cents to $1.9031 per gallon. Natural gas prices lost 0.007 cents to $5.131 per million British thermal units.

At the pump, the national average price of unleaded gasoline was $2.685 per gallon Friday, down from Thursday's $2.69, AAA said.

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