Oil prices fell to below $79 a barrel Friday as the strengthening U.S. dollar outweighed news that the U.S. economy grew again in the third quarter after contracting for a full year.
By afternoon in Europe, benchmark crude for December delivery was down $1.36 to $78.51 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.41 to settle at $79.87 on Thursday.
Some analysts say oil may soon approach its high for 2009 of $82 a barrel on evidence the U.S. economy, the world's largest, is recovering.
The Commerce Department said the U.S. economy grew at a 3.5 percent annual pace in the third quarter, the best showing in …
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