Brent crude retreats more than $2, U.S. crude more than $1

NEW YORK Fri Jan 11, 2013 10:45am EST

NEW YORK Jan 11 (Reuters) - Brent crude futures fell more than $2 and U.S. crude more than $1 on Friday as concerns about demand, a U.S. crude oil pipeline expansion and plunging gasoline futures pressured oil prices.

Brent February crude was down $1.95 at $109.94 a barrel at 10:39 a.m. EST (1539 GMT), after dropping to $109.60 and having reached $111.95.

U.S. February crude was down 90 cents at $92.92 a barrel, after dropping to $92.65 and having reached $94.13. (Reporting by Robert Gibbons)

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