Oil futures on Friday saw their largest daily drop in almost three weeks as the U.S. Federal Reserve’s decision to keep interest rates unchanged raised worries about the U.S. economy—and energy demand.
October West Texas Intermediate crude CLZ5, -3.73% settled at $44.68 a barrel, down $2.22, or 4.7%, on the New York Mercantile Exchange. Prices, which suffered from their largest daily point and percentage loss since Sept. 1, settled a nickel, or 0.1%, higher than the week-ago settlement of $44.63.
On London’s ICE Futures exchange, November Brent crude LCOX5, -2.73% fell $1.61, or 3.3%, to $47.47 a barrel, with the contract losing 3.2% for the week.
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October West Texas Intermediate crude CLZ5, -3.73% settled at $44.68 a barrel, down $2.22, or 4.7%, on the New York Mercantile Exchange. Prices, which suffered from their largest daily point and percentage loss since Sept. 1, settled a nickel, or 0.1%, higher than the week-ago settlement of $44.63.
On London’s ICE Futures exchange, November Brent crude LCOX5, -2.73% fell $1.61, or 3.3%, to $47.47 a barrel, with the contract losing 3.2% for the week.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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