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Oil ends lower for the week; natural gas sees biggest weekly plunge since 2016
Oil prices fell on Friday, settling lower for the week, as a stronger dollar cut global demand for U.S.-priced commodities and a slide for the stock market sullied the risk-taking mood.
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On Friday, West Texas Intermediate crude for January delivery CLF9, -2.74% fell $1.38, or 2.6%, to settle at $51.20 a barrel on the New York Mercantile Exchange. The contract was down 2.7% for the week.
Global benchmark February Brent crude LCOG9, -2.05% fell $1.17, or 1.9%, to $60.28 a barrel on ICE Futures Europe, down about 2.3% for the week.
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In its closely watched monthly oil market report, the International Energy Agency said Thursday that crude output by OPEC rose by 100,000 barrels a day on month to reach 33.03 million barrels a day in November. Saudi Arabia — the de facto head of OPEC — churned out 410,000 barrels a day to a historic high of 11.06 million barrels a day.
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https://www.marketwatch.com/story/oil-fa...2018-12-14
Oil prices fell on Friday, settling lower for the week, as a stronger dollar cut global demand for U.S.-priced commodities and a slide for the stock market sullied the risk-taking mood.
...
On Friday, West Texas Intermediate crude for January delivery CLF9, -2.74% fell $1.38, or 2.6%, to settle at $51.20 a barrel on the New York Mercantile Exchange. The contract was down 2.7% for the week.
Global benchmark February Brent crude LCOG9, -2.05% fell $1.17, or 1.9%, to $60.28 a barrel on ICE Futures Europe, down about 2.3% for the week.
...
In its closely watched monthly oil market report, the International Energy Agency said Thursday that crude output by OPEC rose by 100,000 barrels a day on month to reach 33.03 million barrels a day in November. Saudi Arabia — the de facto head of OPEC — churned out 410,000 barrels a day to a historic high of 11.06 million barrels a day.
...
https://www.marketwatch.com/story/oil-fa...2018-12-14
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