Crude Oil Dips Below $60 Per Barrel

London and New York commodities markets Friday saw high-quality crude oil fall below the psychologically important $60 per barrel level.

Crude oil hit $59.65 a barrel in electronic trading on the New York Mercantile Exchange in early trading.

Natural gas fell more than 1 percent to $12.81 per million Btu.

Heating oil fell to $1.8477 per gallon, and gasoline dropped to $1.60 per gallon.