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Oil trader Stephen Schork said predicting the direction of prices on Monday is "useless" at this point. "Everything is in kind of a precarious state and I think everyone is going to be kind of holding their chips ... close to the vest," he said. With Europe's crisis already more than 2 years old, the situation could create a greater chance of a global recession, similar to what occurred when investment bank Lehman Brothers collapsed in the fall of 2008 and caused a credit crisis, Schork said. Oil fell nearly 60 percent between September 2008 and the end of the year. In other trading Friday, heating oil rose 1.87 cents to end at $2.6465 per gallon, gasoline futures gained 2.53 cents to $2.7017 per gallon and natural gas fell 2.8 cents to $2.467 per 1,000 cubic feet. At the pump, the national average for a gallon of gasoline fell about a penny overnight to $3.524 per gallon, according to AAA, Wright Express and the Oil Price Information Service. That's about 20 cents less than it was a month ago.
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