U.S. crude falls, posts biggest 2-week loss since Sept. 2011

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

U.S. crude oil futures fell nearly 1 percent on Friday, as weaker industrial growth in China and persistent euro zone worries clouded the oil demand outlook.

A four-year-high reading in U.S. consumer confidence failed to halt the day's selling, causing NYMEX June crude to settle 95 cents lower at $96.13 a barrel.

For the week, front-month crude fell $2.36 or 2.4 percent, extending losses to a second straight week. In those two weeks, U.S. front-month crude dropped $8.80, or 8.4 percent, the biggest two-week percentage loss since Sept. 30, 2011.

Comments (0) Leave a comment 

e-Mail (required)


characters left

Caterpillar Small Wheel Loaders

Cat® Small Wheel Loaders provide superior performance and versatility to help agriculture producers improve productivity and efficiency. An extensive range ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight