Oil sink 3% as Trump again pressures OPEC to lower crude prices - Reuters:
Oil prices fell 3% on Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices.
Profit-taking from the oil market’s strongest bull run in at least a year also pushed prices through technical stops which accelerated the decline, analysts said.
Brent crude futures settled at $72.15 a barrel, down $2.20, or 3 percent. West Texas Intermediate crude ended at $63.30 a barrel, down $1.91, or 2.9 percent.
Brent was flat on the week after rallying for four weeks in a row. WTI saw a 1.2 percent weekly loss, breaking its six-week bull run.
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