February gasoline RBG5, -1.51% slipped nearly 2 cents, or 1.3%, to settle at $1.3232 a gallon on the Nymex. That was the lowest settlement for gasoline futures since March 11, 2009. Gasoline futures ended the week down 7.7%.
February heating oil HOG5, -0.37% fell 80 cents to $1.7030 a gallon on Nymex, amassing weekly losses of 5.2%. February natural gas NGG15, +1.26% rose 2 cents to finish at $2.9460 per million British thermal units, but lost 2% on the week.
Oil futures fell Friday, extending losses to a seventh week in a row.
Light, sweet crude for delivery in February CLG5, -1.19% lost 43 cents, or 0.9%, to settle at $48.36 a barrel on the New York Mercantile Exchange.
Nymex crude had settled higher for the two past trading sessions. On the week, it lost 8.2%. The seven-week string of losses is the longest since a matching streak in November.
Brent crude for February delivery LCOG5, -1.98% the European benchmark, lost 85 cents, or 1.7%, to settle at $50.11 a barrel. Brent lost 11% this week, also down for seven consecutive weeks.
Elsewhere in metals trading, palladium for March PAH5, +1.31% delivery rose $7.05 to $800.15 an ounce, while April platinum PLJ5, +0.86% gained $7.10 to $1,230.10 an ounce.
High-grade copper for March delivery HGH5, -0.36% fell a penny to $2.75 a pound.