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Oil falls near $90 per barrel on economic concern

Friday - 10/19/2012, 3:18pm  ET

NEW YORK (AP) - The price of oil fell 2.2 percent Friday after disappointing U.S. corporate earnings and a drop in existing home sales renewed worries about the global economy.

On the New York Mercantile Exchange:

_ Benchmark crude fell $2.05 to end at $90.05 per barrel.

_ Heating oil fell 5.21 cents to end at $3.1345 per gallon.

_ Wholesale gasoline dropped 4.88 cents to end at $2.6963 per gallon.

_ Natural gas rose 3 cents to end at $3.617 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell $2.28, or 2 percent, to finish the day at $110.14 a barrel.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)