Oil prices declined further on Friday (Sep 26) as US authorities failed to come out with a decision on the $700 billion plan to bailout its financial sector.

For next month (November) delivery, light, sweet crude dropped $1.13 to settle at $106.89 per barrel on the New York Mercantile Exchange (NYMEX).

Gasoline futures declined 3.22 cents to end at $2.6651 per gallon. The retail price of a gallon of regular gas was $3.686.

Heating oil futures plummeted 3.09 cents to settle at $3.0174 per gallon at the New York Mercantile Exchange.

In London, November Brent crude lost $1.06 to close the week at $103.54 per barrel on the ICE Futures exchange.

On the other hand, natural gas futures plunged 30.3 cents to close at $7.628 per 1,000 cubic feet.