Oil fell for the first time in three days in New York, paring the longest run of weekly gains in more than a year.
West Texas Intermediate for June delivery slipped 80 cents to $56.94 a barrel at 9:28 a.m. on the New York Mercantile Exchange. The contract rose $1.58 to $57.74 on Thursday, the highest close since Dec. 12. Total volume was 16 percent below the 100-day average for the time of day.
Brent for June settlement was 4 cents lower at $64.81 on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a $7.94 premium to WTI, the most in a month.