Oil heads for biggest weekly drop since October

Oil heads for biggest weekly drop since October:

"Major oil markets are on track for their biggest weekly drop in four months after a stronger US dollar sent prices sliding on Friday. Brent crude, the global oil benchmark, was down 1.9 per cent at $68.33 a barrel, facing its largest one-day drop since December 12. West Texas Intermediate, the US marker, was off 1.7 per cent and on track for its biggest fall since December 6. For the week, Brent was down 3.2 per cent and WTI was 2.1 per cent weaker: these were their worst weekly performances since the first week of October."



'via Blog this'