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Oil price below $105

October crude oil fell $1.72, or 1.6%, to settle at $104.67 a barrel, its lowest close since August 21. The contract, which expired at the close of trade on the New York Mercantile Exchange, lost 3.3% for the week.
The spread between Nymex WTI crude and Brent crude traded in London widened Friday. On ICE Futures, November Brent crude rose 46 cents, or 0.4%, to $109.22 a barrel, rebounding a bit from a 1.7% decline a day earlier. Prices ended 2.2% lower than a week ago.

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