West Texas Intermediate futures contracts for September delivery settled Friday at $68.69 per barrel, down 92 cents (1.32 percent) on the day and down $1.77 (2.51 percent) for the week. September became the new front-month contract Monday. The week high was $69.61 on Thursday.
Commercial crude inventories dropped by 6.1 million barrels to 404.9 million barrels. The Strategic Petroleum Reserve held at 660 million barrels.
Crude oil refinery inputs averaged 17.3 million bpd, the EIA reported, a drop of 46,000 bpd. Refineries operated at 93.8 percent capacity. Gasoline production was down to 10.3 million bpd, and distillates production fell to 5.2 million bpd.
The average price of WTI this year is $66.15 per barrel.
Plains Marketing posted prices fell $1.75 this week.
In other futures trading Friday, October contracts fell 70 cents to $67.63, November dropped 64 cents to $67.36 and December was down 63 cents to $67.04.
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