April 23, 2017 archive

WTI Falls Below $50 a Barrel as Active Rig Count Rises on Friday

Crude oil futures slid further on Friday as the U.S. benchmark ended below $50 a barrel while the domestic rig count revealed further growth, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude¬†fell by $1.09, or 2.2%, to settle at $49.62 a barrel. The settlement was its lowest since …

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