Oil Notches Second-Straight Weekly Decline - News Summed Up

Oil Notches Second-Straight Weekly Decline


• Oil rose slightly Friday after a strong U.S. jobs report, but fell weekly for a second consecutive week amid growing concerns over bulging domestic oil inventories. • West Texas Intermediate futures, the U.S. oil benchmark, ended 0.2% higher at $61.94 a barrel on the New York Mercantile Exchange. Prices ended the week 2.1% lower, and Friday’s close was just 13 cents above Thursday’s one-month low of $61.81 a barrel.


Source: Wall Street Journal May 03, 2019 14:56 UTC



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