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Crude oil Drops under $97 per Barrel

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Crude oil prices dropped under $97 per barrel Friday on expectations that Libyan ports are days away from a resumption of oil exports. Mostly a supplier of high-grade oil for the European market, Libyan ports are expected to resume exporting oil by Monday after prolonged shutdowns due to security issues. West Texas Intermediate crude oil dropped $1.01 Friday to reach $96.49 per barrel. Reformulated gasoline blendstock for January shed 0.57 cents to $2.6291 a gallon.

.The national average price of unleaded regular gasoline dropped to $3.248 a gallon from Thursday’s $3.253 a gallon, the AAA Daily Fuel Gauge Report said.

Read more: https://www.upi.com/Business_News/2013/12/13/Crude-oil-slides-under-97-per-barrel/UPI-69231386944330/#ixzz2nagSvL00