Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstorm Sandy.

Brent crude fell for a fifth day and posted a third consecutive weekly loss as the dollar strengthened on support from a better-than-expected U.S. October jobs report and Bank of Japan worries about the Japanese economy.

Gasoline futures slumped as oil tankers and pipelines supplying New Jersey and the New York Harbor – the delivery point for the U.S. futures contract – restored more operations that had been affected by Sandy.

Prices felt pressure when the U.S. government temporarily waived Jones Act restrictions on tankers carrying fuel from the Gulf Coast refining hub to the storm-ravaged Northeast, increasing the available fleet of tankers to bring fuel.