Oil drops below $100 per barrel

AP News
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Posted: May 05, 2011 3:20 PM

Oil plunged nearly 9 percent to settle below $100 per barrel on Thursday. Mounting concerns about the U.S. economy triggered the biggest one-day percentage decline in more than two years. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $9.44 to settle at $99.80 per barrel.

Gasoline lost 22.71 cents to settle at $3.0954 a gallon.

Heating oil gave up 25.61 cents to settle at $2.8869 a gallon.

Natural gas fell 31.3 cents to settle at $4.331 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped $10.39 to settle at $110.80 per barrel.