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 NEW YORK (AP) - Crude oil prices slipped below $60 a barrel Friday as traders took profits ahead of the weekend, but worries about violence in Nigeria and the possibility of U.N. sanctions against Iran still underpinned the market.
Light, sweet crude for April delivery fell 51 cents to settle at $59.96 a barrel on the New York Mercantile Exchange — its lowest settlement price since Feb. 17, when the contract settled at $59.88. Crude futures have fallen nearly 6 percent this week from last Friday's settlement price of $63.67.
Gasoline fell 3.2 cents to settle at $1.6881 a gallon on Friday, a day after gaining almost 7 cents. Heating oil fell 3.54 cents to settle at $1.6846 a gallon, while natural gas rose 4.5 cents to settle at $6.646 per 1,000 cubic feet. Brent crude on London's ICE Futures exchange fell 23 cents to settle at $60.83.
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