(MENAFN- Trend News Agency)
Oil prices fell on Friday, suffering a loss for the week,
trend reports citing
The West Texas Intermediate (WTI) for March delivery dropped
1.33 U.S. dollars, or 1.6 percent, to settle at 79.68 dollars a
barrel on the New York Mercantile Exchange. Brent crude for March
delivery lost 81 cents, or 0.9 percent, to close at 86.66 dollars a
barrel on the London ICE Futures Exchange.
'It looks that traders rushed to take some profits off the table
ahead of the weekend,' Vladimir Zernov, analyst with market
information supplier FX Empire, said on Friday.
For the week, the WTI dipped 2.4 percent, while Brent lost 1.1
percent, based on the front-month contracts.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.