The price of oil on world commodity exchanges was falling Friday morning as investors' concerned grew over the slow pace of the world's economic recovery, a factor they believe will result in less fuel consumption. The price of a September futures contract for WTI light sweet crude in electronic trading on Nymex was down 26 cents to $78.10 a barrel by 7:00 Moscow time. The price of a September futures contract for North Sea Brent blend had dropped 26 cents to $77.33 in London. Oil prices climbed the day before on a weakening dollar with September WTI contracts up $1.37 to $78.36 a barrel, while September Brent contracts were up $1.53 to $77.59 per barrel. Copyright 2010, Golos Rossii. All rights reserved.

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