U.S. Benchmark Oil Prices Fall First Time in Three Days

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.

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