Crude posts worst week in a decade, hit by coronavirus and price war eruption - Reuters:
On Friday, prices were higher, rebounding after the United States and other nations signaled plans to support weakening economies. But Brent crude LCOc1 dropped 25% on the week, the biggest weekly fall since the 2008 global financial crisis. On Friday, Brent rose 63 cents to settle at $33.85 a barrel.
U.S. West Texas Intermediate (WTI) crude CLc1 futures fell about 23% on the week, their biggest percentage decline since 2008. WTI rose 23 cents to settle at $31.73 a barrel, after earlier gaining to $33.87 a gallon.
On Friday, prices were higher, rebounding after the United States and other nations signaled plans to support weakening economies. But Brent crude LCOc1 dropped 25% on the week, the biggest weekly fall since the 2008 global financial crisis. On Friday, Brent rose 63 cents to settle at $33.85 a barrel.
U.S. West Texas Intermediate (WTI) crude CLc1 futures fell about 23% on the week, their biggest percentage decline since 2008. WTI rose 23 cents to settle at $31.73 a barrel, after earlier gaining to $33.87 a gallon.
No comments:
Post a Comment