WTI, Brent Crude End Lower on Friday, Higher for the Week

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Oil futures repeated a similar pattern for the last few weeks on Friday, settling lower for the day but higher for the week, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, October West Texas Intermediate crude fell $1.74, or 3.7%, to settle at $45.88 a barrel. For the week, WTI saw a gain of nearly 3.2%.

On the London ICE Futures Exchange, November Brent crude, the global benchmark, dropped $1.98, or 4%, to settle at $48.01 a barrel. For the week, Brent crude was up around 2.5%.

Meanwhile, October natural gas fell by less than a penny, or 0.3%, to finish at $2.797 per million British thermal units on the New York Mercantile Exchange.

 

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