Oil prices slip Friday but rise $1 for the week

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Associated Press

Posted on November 22, 2013 at 3:00 PM

NEW YORK (AP) — The price of oil was slipping below $95 a barrel, but still finished the week with a gain of $1 a barrel.

Benchmark U.S. crude for January delivery fell 60 cents to close at $94.84 in trading in New York. The weekly increase from $93.84 a week ago was largely due to an improving U.S. jobs picture.

In other news, agricultural commodities were mixed. Corn fell less than a cent to $4.223 a bushel and wheat for March delivery rose 2 cents to $6.57 a bushel. Soybeans rose 28 cents to $13.195 a bushel.

In metals, gold edged higher while silver prices fell. Oil fell 60 cents $94.84 a barrel. Natural gas rose 6.6 cents, or 2 percent, to $3.768 per thousand cubic feet.

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