/ P1 f: f' ?2 A% [( c3 kCrude oil prices fell to nearly $50 a barrel Wednesday, their lowest levels since May 2005.6 t8 i' ~7 Q" O- I7 U
4 [% x. e# {- O6 CLight, sweet crude for February delivery was down 62 cents to $50.59 a barrel in mid-morning trading on the New York Mercantile Exchange.$ S4 N4 _; a' `, q& }
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February natural gas fell 7.3 cents to $6.565 per 1,000 cubic feet in New York. February heating oil was down 1.24 cents at $1.4679 a gallon. February reFORMulated gasoline futures fell 2.13 cents at $1.3480 a gallon. 0 z2 Z$ U8 }4 O7 q$ t, a # z; j; L: j( c9 u# q& L7 wAAA said Wednesday the average U.S. retail regular-unleaded gasoline price was $2.217 a gallon, down 0.012 cents from Tuesday. : B) h# m" `& P# J% n3 y; I f4 Z) s+ m/ h; e, R: D
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Source: UPI (January 17, 2007 - 9:30 AM EST)9 l) U6 g! e: m0 {" e- G1 ]6 D