New York-traded oil ended Friday at its lowest level since March 2009, amassing losses of more than 7% on the week.Crude-oil futures were mixed, with London-traded Brent settling higher. Investors parsed news of the death of Saudi Arabia’s King Abdullah and marginal improvement in China’s manufacturing data.
Light, sweet crude futures for March delivery CLH5, -2.20% retreated 72 cents, or 1.6%, to settle at $45.59 a barrel on the New York Mercantile Exchange. That was the lowest finish since March 11, 2009.
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