Fri, 04 Jan 2013 07:32:56 GMT
Oil drops a second day amid U.S. jobless claims
Oil cut fourth weekly gain as U.S. Fed lawmakers indicated they might end monetary easing this year, increasing concern that recovery of the U.S. economy might falter. Prices fell 0.8%, trimming crude's weekly rise to 1.5%. WTI oil for February settlement surged to $92.14 a barrel, down 78 cents, while Brent crude for February delivery fell 74 cents, or 0.7%,