Stocks extended losses and hit session lows on Friday as oil prices rose to their highest intraday price in nearly 2-1/2 years on increased violence in Libya.

The Dow Jones industrial average <.DJI> fell 56.42 points, or 0.46 percent, at 12,201.78. The Standard & Poor's 500 Index <.SPX> lost 7.92 points, or 0.60 percent, at 1,323.05. The Nasdaq Composite Index <.IXIC> dropped 12.05 points, or 0.43 percent, at 2,786.69.

(Reporting by Chuck Mikolajczak)

Libya