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Oil posts slight loss; gasoline up to $3.33

Friday - 1/25/2013, 6:18pm  ET

The Associated Press

The price of oil fell slightly Friday as a report showing a cooling off in new home sales offset the positive influence of ebullient U.S. stock markets.

Benchmark oil fell 7 cents to close at $95.88 in trading on the New York Mercantile Exchange. It ended the week with a gain of 32 cents.

The Commerce Department said new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate, which was the fastest in 2
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