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U.S. Benchmark West Texas Intermediate crude, which is used to price much of the oil produced in the Midwest, fell by $2.14 to finish at $106.70 per barrel on Friday in New York. Brent crude, imported by many U.S. refineries that make gasoline, fell by $2.55 to end at $123.65 per barrel in London. In other energy trading, heating oil fell 7 cents to finish at $3.20 per gallon and gasoline futures fell 8 cents to end at $3.27 per gallon. Natural gas futures rose 2 cents to finish at $2.48 per 1,000 cubic feet.
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