Oil Sinks on Economic Woes

Associated Press

NEW YORK (AP) — The price of oil fell 2.2 percent Friday after disappointing U.S. corporate earnings and a drop in existing home sales renewed worries about the global economy.

On the New York Mercantile Exchange:

— Benchmark crude fell $2.05 to end at $90.05 per barrel.

— Heating oil fell 5.21 cents to end at $3.1345 per gallon.

— Wholesale gasoline dropped 4.88 cents to end at $2.6963 per gallon.

— Natural gas rose 3 cents to end at $3.617 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell $2.28, or 2 percent, to finish the day at $110.14 a barrel.

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