Oil Prices Continue Downward Slide

New York, NY, Oct. 10, 2014 -- Oil prices extended their free fall Friday.

Light sweet crude fell $1.50 or 1.8% to $84.27 on the New York Mercantile Exchange.

The global Brent crude contract was down 1% to $89.14.

OPEC said September output hit the highest level since last summer, and Saudi Arabia said it had no plans to cut production.

Oil prices have been in a slide for three months.