Profit taking pushed crude prices lower on Friday. April West Texas Intermediate crude on the New York Mercantile Exchange lost 29 cents to end trade at $32.78 a barrel. On the London ICE Futures Exchange, April Brent crude fell 19 cents to settle at $35.10 a barrel.
Despite Baker Hughes’ count showing the number of oil rigs dropping by 13 rigs last week, traders took some of the profit built up from a generally positive week on the markets.
April natural gas gained less than a penny. The New York Mercantile Exchange contract settled at $1.791 per million British thermal units.
