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Oil ends the week on a significant drop
09:50 - 07/10/2017
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Information / Baghdad ..
Oil prices fell more than 2 percent ending the longest wave of global crude oil benchmark Brent crude in 16 months, which lasted several weeks, as concerns over oversupply returned.
Brent crude futures fell 2.4 percent, or $ 1.38, to settle at $ 55.62 a barrel, ending a five-week winning streak that was the longest since June 2016. On a weekly basis, Brent lost 3.3 percent.
WTI fell 1.50 dollars, or 3 percent, to $ 49.29 per barrel, ending the week down 4.6 percent. Ending / 25
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