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Oil falls 10% in a week to its worst performance in two years

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rocky
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Oil falls 10% in a week to its worst performance in two years

Post by rocky on Fri 09 Feb 2018, 4:01 pm

Oil falls 10% in a week to its worst performance in two years






2018/02/09 23:48


(Encyclopedia of this Day News | Iraq News ) - Live: Oil prices fell when the settlement of trading on Friday, falling "NYMEX" aminimum of $ 60, as a result of fears of increased US production also recorded its worst weekly performance in nearly two years.


US crude has been under heavy pressure this week following negative data whose impact on oil prices has left it below $ 60 for the first time since the beginning of 2018.




Baker Hughes said that the number of oil drilling platforms in the United States this week rose by a platform to a platform.


The Nymex saw a fifth straight decline in yesterday's session, the longest losing streak since April.


US crude futures for March delivery closed down 3.2%, or $ 1.95, to close at $ 59.20 a barrel, the lowest close in nearly seven weeks, with a loss of more than 9.5% this week.


By 7:54 pm GMT, Brent crude for April delivery fell 3.5% to $ 62.55 a barrel. 



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