7 c3 S P% @3 e1 HCrude oil prices fell to nearly $50 a barrel Wednesday, their lowest levels since May 2005. $ x. e3 [2 m& W7 k 7 R+ _* }0 U+ D- y) xLight, sweet crude for February delivery was down 62 cents to $50.59 a barrel in mid-morning trading on the New York Mercantile Exchange.+ ]4 x [) s! \% W
8 ?# P) v" r1 B$ D+ \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.+ [5 s; A- m+ E
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AAA said Wednesday the average U.S. retail regular-unleaded gasoline price was $2.217 a gallon, down 0.012 cents from Tuesday. - W" a6 ]; l2 T+ P, m; K2 R- x1 y! H
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3 s1 V5 _! e _$ ?/ N; fSource: UPI (January 17, 2007 - 9:30 AM EST)+ g& W& l! l$ \; L8 R