By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — Benchmark oil futures declined in electronic trading on Friday, retreating a bit after chalking up three sessions of gains.
Crude for August delivery CL1Q -0.82% declined 72 cents to $94.70 a barrel in Nymex electronic trading hours Friday.
The front-month contract gained this week, helped by a bigger-than-expected drop in U.S. weekly inventories.
Additionally, the Greek parliament passed a plan to implement the austerity measure required by the European Union and International Monetary Fund for Greek to secure further financial aid.
Still, the greenback gained ground on Friday, with the dollar index DXY -0.03% trading at 74.439, from 74.314 in late North American trading on Thursday.
Commodities are priced in dollars and usually trade inversely to the greenback. Read more on currencies.
