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2/8/2013 4:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Oil Takes First Weekly Drop in Two Months

Frank Polich/Bloomberg News

Oil posted its first weekly decline in two months, finishing at below $96 a barrel on the New York Mercantile Exchange, Bloomberg News reported.

Crude futures closed Friday’s trading day down 11 cents from Thursday at $95.72 a barrel — more than $2 below last Friday, Bloomberg said.

The last time oil had declined for a week was the week ended Dec. 7, according to Bloomberg Nymex figures.

Diesel and gasoline prices spiked this week, with diesel rising almost a dime and gasoline soaring 18 cents, its biggest jump in two years.

The Department of Energy will release its weekly survey of filling stations Monday afternoon in Washington.

By Transport Topics

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© 2013, Transport Topics Publishing Group. All rights reserved.

Oil Drops to 5-Year Low on Concern Supply Glut to Worsen (12/18/2014 4:00:00 PM)
Diesel Declines 11.6¢ to $3.419 a Gallon (12/15/2014 5:00:00 PM)
More Relief at the Pump (12/15/2014 4:00:00 AM)
Diesel Dives 7¢ to $3.535 (12/15/2014 1:00:00 AM)
Congress Debates Spending Bill (12/15/2014 12:45:00 AM)
Another Milestone: Oil Below $60 A Barrel (12/11/2014 3:40:00 PM)


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