Oil futures retreated Friday as market watchers looked past an unexpected drawdown in crude-oil supplies and focused on reduced demand for petroleum products. Light, sweet crude for February delivery settled down $1.48, or 1.6%, at $93.96 a barrel on the New York Mercantile Exchange, its lowest price since Dec. 2. Prices fell 6.3% this week. Brent crude on the ICE futures exchange lost 89 cents, or 0.8%, to settle at $106.89 a barrel. U.S. commercial crude-oil inventories fell by 7 million barrels to 360.0 million barrels in the week ended Dec. 27, the Energy Information Administration said Friday. Analysts had expected a 2.2 million-barrel decline, according to a Wall Street Journal survey conducted Tuesday. Analysts attributed […]