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Crude prices retreat after touch record high

Crude prices retreat after touch record high

Write: Rashid [2011-05-20]
NEW YORK, Sept. 14 (Xinhua) -- Crude prices retreated Friday after setting a new record high on profit taking.

Light, sweet crude for October delivery was down 99 cents to settle at 79.10 dollars a barrel after rising as high as 80.36 dollars, setting a new intraday high.

London Brent crude fell 90 cents to 76.22 dollars a barrel.

Crude futures topped 80 dollars a barrel Thursday on shrinking U.S. inventories and storm concerns.

On Friday, October gasoline fell 1 cent to settle at 2.0364 dollars a gallon. Heating oil fell 1.12 cents to settle at 2.2078 dollars a gallon.