Oil settles below $98

AP News
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Posted: May 06, 2011 3:30 PM
Oil settles below $98

Oil prices sank again on Friday as a strong jobs report boosted the dollar. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $2.62 to settle at $97.18 per barrel.

Gasoline lost 0.53 cent to settle at $3.0901 a gallon.

Heating oil gave up 4.12 cents to settle at $2.8457 a gallon.

Natural gas fell 3.4 cents to settle at $4.297 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped $1.67 to settle at $109.13 per barrel.