Crude Oil Prices Dipped Lower To A Weekly Loss On Friday

Crude Oil on 6th October 2017, Crude Oil October futures down by pts closed at 3240, trading range between 3223 – 3323. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 49.29 a barrel.

Crude oil prices dipped lower to a weekly loss on Friday but rose up on Monday with investors’ expectations that Saudi Arabia would pin down its production and as the rigs drilling for new oil in the U.S fell.

With concerns of overproduction, Oil dropped by around 2% on Friday, with WTI tumbling back below $50 per barrel.

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