The Dow Jones industrial average lost 550 points Wednesday through Friday, dropping nearly 5 percent in a three-day skid. While much of the uncertainty was born of political turmoil in Washington, some analysts have said the fast run-up in stocks from March to January is due for a correction so equity markets and the economy could come into alignment.
On the New York Mercantile Exchange, March delivery of light, sweet crude added 61 cents during the weekend to $74.75 per barrel. Heating oil prices lost 0.04445 cents to $1.9526 per gallon. Reformulated gasoline prices lost 0.021 cents to $1.9734 per gallon. Natural gas prices added 0.182 cents to $5.73 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.709 per gallon Monday, down from Sunday's $2.713, AAA said.
Copyright 2010 by United Press International.
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