: U.S. oil futures settle lower, down 11% for the week


U.S. oil futures settled lower on Friday to post a weekly loss of 11%. The “short-term crude demand outlook has deteriorated significantly as no one has a strong handle on how bad a recession will hit the U.S. economy,” said Edward Moya, senior market analyst at OANDA. U.S. benchmark WTI crude for January delivery CLF23, +0.17% fell 44 cents, or 0.6%, to settle at $71.02 a barrel on the New York Mercantile Exchange, with prices ending at their lowest since Dec. 20, 2021, according to Dow Jones Market Data.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleCrypto: Crypto.com is latest exchange to publish ‘proof-of-reserves’ page, as industry looks to ease investor jitters
Next articleU.S. consumer sentiment jumps in December as inflation fears recede: U. of Mich.


Please enter your comment!
Please enter your name here