Oil price down $0.71, to $78.54 in London, in New York at $80.21 (-0.66)

As of March 4th, the IPE Brent Crude February futures contract fell to $78.54 (-0.71) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude dropped $0.66, to $80.21 on the New York Mercantile Exchange.