June 12, 2016 archive

Oil Settlements Fall on Friday with Lower Prices Predicted Next Week

U.S. oil futures finished below $50 a barrel on Friday as traders worried about an increase in production due to higher settlements, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell $1.49, or 3%, to end trade on the New York Mercantile Exchange at $49.07 a barrel. For the week, WTI futures rose almost …

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