Read Time:39 Second
U.S. oil futures ended lower on Friday, logging a nearly 13% loss for the week – the biggest such loss for a front-month contract since late April 2020, according to Dow Jones Market Data. The U.S. announced Thursday that it will release 1 million barrels of oil a day for the next six months, and the International Energy Agency said Friday that its other members also plan a new release oil from emergency reserves. West Texas Intermediate crude for May delivery fell $1.01, or 1%, to settle at $99.27 a barrel on the New York Mercantile Exchange, the lowest finish since March 16.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
