By SANDY SHORE
AP Business Writer
Oil fell for a third straight day on Friday on worries that the global economy is headed for recession and could cut demand for crude.
A day after it plunged more than 6 percent, Benchmark U.S. oil fell 42 cents to $80.09 per barrel in afternoon trading. The price of oil still is about $5 a barrel more than a year ago. Analysts expect it to stay between $75 and $90 per barrel until there is a better picture of what's ahead for the global economy.
U.S. benchmark oil hit $113.93 a barrel on April 29. But high unemployment in the U.S. - the world's biggest oil consumer - and signs of a slowing economy in China - the second largest oil consumer - pulled crude down.