Friday, January 2, 2009

Oil falls to below $42 a barrel

LONDON (AP) -- Oil prices fell below $42 a barrel Friday after Russia and Ukraine said a dispute over natural gas payments wouldn't affect shipments to Western Europe.

Light, sweet crude for February delivery fell $2.85 to $41.75 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. Trading was closed Thursday for New Year's Day.

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