Crude Oil Futures Rise on Friday, Post Losses for the Week

Oil prices rebounded on Friday after hitting their lowest settlement of 2017 and registering their fourth weekly loss in a row, according to Bloomberg MarketWatch.

July West Texas Intermediate crude oil rose 28 cents, or 0.6%, to settle at $44.74 a barrel on the New York Mercantile Exchange. For the week, WTI crude was down 2.4%.

On the London ICE Futures Exchange, August Brent crude, the global benchmark, added 45 cents, or 1%, to end trading at $47.37 a barrel. Brent crude suffered a weekly loss of 1.6%.

Back on the New York Mercantile Exchange, July natural gas shed 1.9 cents, or 0.6%, to settle at $3.037 per million British thermal units. It lost less than 0.1% for the week.

 

%d bloggers like this: