LOS ANGELES – New York-traded oil and natural-gas futures lost ground in electronic trade Monday, with a slightly firmer U.S. dollar among the factors weighing on the contracts. Benchmark U.S. crude oil for March delivery fell 21 cents, or 0.2%, to $97.28 a barrel, extending a 0.8% retreat Friday on the New York Mercantile Exchange. Brent crude for March , however, was little changed, adding 2 cents to trade at $106.42 a barrel. March natural gas extended its sharp downward trend, losing 11 cents, or 2.3%, to $4.83 per million British thermal units, with the loss coming on top of a 1.4% drop Friday.
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