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The number of ships trying to smuggle oil out of Iraq has risen dramatically with the increase in oil prices to $27 a barrel from $11 a year ago, a senior Pentagon official said.
The United States imported 243.5 million barrels in February, less than the 301 million a month earlier, as the price rose to $16.56 a barrel from $16.31.
Oil dropped to $77.46 a barrel, from $79.58 on Wednesday.
The average price for imported oil jumped to $74.66 a barrel, from $56.93 in 2009.
It also cut brent crude forecasts to $49.50 a barrel from $62.
Saudis or Kuwaitis spend just $3 to tap a barrel from their most accessible wells.
The price of crude eased to $30.27 a barrel from $30.46 in February.
Oil is down to just under $68 a barrel, from a peak over $145 in July.
Oil futures in New York climbed to $63.56 a barrel, from $59.89 the previous week.
The futures price of oil rose slightly, to $125.10 a barrel from $123.26.
By the time it ended, the price of oil had risen to $12 a barrel from $3.
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