Oil sees biggest one-week drop in 2 years

Oil sees biggest one-week drop in 2 years:

"Equities weren’t the only thing hitting the skids this week. Amid a stocks sell-off, oil futures saw their biggest one-week slide since January 2016. For both West Texas Intermediate, the US standard, and Brent, the international benchmark, Friday marked the biggest one-week slide since January 2016, and the worst daily fall since last July, according to Thomson Reuters data. WTI dropped almost 10 per cent on the week, and 3.2 per cent on the day, to fall below $60 for the first time this year, closing the day at $59.20."



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