USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

-0.01

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

-0.04

Diesel 46.19

+0.03

16

Crude Fell On IEA Report

Crude oil prices plunged Friday as the International Energy Agency lowered..

Crude oil prices plunged Friday as the International Energy Agency (IEA) lowered its projected growth in oil demand this year and next one.

Light sweet crude futures for the delivery in October fell sharply by $0.41 to closed at $64.08 a barrel, a more than three-week low.

Gasoline futures plunged by 7.58 cents to settle at $1.9350 a gallon on Nymex.
In London, the price of Brent North Sea crude for October delivery dropped 24 cents to 62.84 dollars a barrel on the IPE.

The IEA lowered its projected growth in oil demand this year and next on Friday-but only in part due to Katrina, saying high prices were choking demand even before the storm hit.