October 5, 2009

Crude oil prices down Monday

Crude oil prices fell close to $69 per barrel on the New York Mercantile Exchange Monday after Wall Street equities fell in the previous week.

Stocks fell during four of five trading sessions last week, shaking up confidence in what had been a six-month rally.

On Monday, the price of light, sweet crude fell 94 cents to $69.01 per barrel. Heating oil prices lost 0.0295 cents to $1.7673 per gallon, while reformulated gasoline prices fell 0.0199 cents to $1.721 per gallon. Natural gasoline prices added 0.166 cents to $4.884 per million British thermal units.

At the pump, the average national price of unleaded gasoline was $2.461 per gallon Monday, unchanged from Sunday, AAA said.