UPDATE: Oil futures end lower for the session and week as demand worries linger
Oil futures fell modestly on Friday (http://www.marketwatch.com/story/oil-buoyed-by-drawdown-in-product-inventories-2019-10-18) to post a loss for the week, as data from China (http://www.marketwatch.com/story/chinas-economic-growth-continues-to-cool-off-2019-10-17) showing slower economic growth fed worries about weaker demand for oil. Gross domestic product expanded at a 6% pace in the third quarter, the slowest in 27 years. November West Texas Intermediate oil fell 15 cents, or 0.3%, to settle at $53.78 a barrel on the New York Mercantile Exchange. The front-month contract lost 1.7% for the week, according to FactSet data.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 18, 2019 15:12 ET (19:12 GMT)
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