Oil falls to price last seen a year ago

AP News
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Posted: Sep 30, 2011 4:17 PM
Oil falls to price last seen a year ago

Oil tumbled Friday to the lowest level in a year, as government data pointed to further economic troubles ahead of a traditionally weak time for petroleum demand.

Here's how energy contracts traded:

On the New York Mercantile Exchange:

Crude dropped $2.94, or 3.6 percent, to finish at $79.20 per barrel.

Gasoline lost 2 cents to end at $2.5381 per gallon.

Heating oil gave up 4.73 cents to finish at $2.7793 per gallon.

Natural gas fell 8.1 cents to end at $3.666 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell $1.19 to end at $102.76 per barrel.