Oil prices fell nearly $2 a barrel Thursday, following the lead of gasoline futures.
After tumbling as low as $53.77 a barrel, light, sweet crude for May delivery settled $1.74 lower at $54.11 a barrel on the New York Mercantile Exchange. Gasoline futures dropped nearly 11 cents before recovering to $1.568 a gallon, a decline of 9.12 cents. In London, Brent crude futures fell $1.23 to $54.04 per barrel on the International Petroleum Exchange.
