NEW YORK (AP) -- Crude oil and gasoline prices slipped Friday, as traders' fears of further damage to the nation's oil production eased after Tropical Storm Ophelia veered away from Florida's coast.
Light, sweet crude for October delivery fell 41 cents to settle at $64.08, after reaching as high as $65.35 and as low as $63.55 in jumpy trading on the New York Mercantile Exchange. Nymex crude is more than $6 off its peak of $70.85 a barrel briefly reached during the day on Aug. 30, but is still almost 50 percent higher than a year ago.
Gasoline futures slipped more than 7 cents to settle at $1.9597 a gallon, after dropping as low as $1.9350, while heating oil fell more than 3 cents to settle at $1.8965 a gallon. At the pump, however, drivers were paying more than $3 a gallon, on average.
Brent crude fell 24 cents to settle at $62.84 on London's International Petroleum Exchange.
"There's a little more optimism that things are getting better," said Phil Flynn, analyst at Alaron Trading Corp. in Chicago. He added that traders are reassured about oil supply as crude imports stream in, and are betting that Tropical Storm Ophelia off Florida's coast won't disrupt production.
On Friday, Ophelia drifted away from Florida's northeast coast, and its top sustained winds had dropped to 65 mph.
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