U.S. oil futures fall, prompting a turn lower in prices for the week
U.S. oil futures ended with a loss on Friday (http://www.marketwatch.com/story/oil-futures-sink-over-2-as-coronavirus-cases-flare-up-in-asia-europe-11611320717) to turn lower for the week, pressured by an unexpected climb in U.S. crude inventories as a reported resurgence of cases in China renewed worries about a slowdown in energy demand. March West Texas Intermediate crude fell 86 cents, or 1.6%, to settle at $52.27 a barrel on the New York Mercantile Exchange. Prices lost 0.2% for the week, based on last Friday's settlement of $52.36 for the February contract, which expired on Wednesday.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 22, 2021 14:47 ET (19:47 GMT)
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