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 NEW YORK (AP) - Oil prices settled lower Friday as traders watched the stock market decline even further, renewing concerns that economic growth may stall. The tenuous stock market saga overshadowed tightening gasoline supplies that helped push oil's Thursday settlement price to a more than two month high.
Light, sweet crude for April delivery fell 36 cents to settle at $61.64 a barrel on the New York Mercantile Exchange. Earlier, the contract fell to an intraday low of $61.35 after the Dow Jones industrials dropped by more than a 100 points. The Dow was trading at 12,158.08, down 76.26 points, in afternoon trading.
Brent crude for April lost 3 cents to settle at $62.08 a barrel on the ICE Futures exchange in London.
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