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2/15/2013 4:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Oil Declines to End Week Below $96 a Barrel

Bruce Harmon/Trans Pixs

Oil fell $1.45 on Friday to finish the trading week below $96 a barrel, after holding above $97 the previous four days, Bloomberg News reported.

Crude futures closed the New York Mercantile Exchange trading day at $95.86 a barrel, Bloomberg reported, the lowest level in a week.

The price declined following Friday’s report that factory output declined in January and that Wal-Mart Stores’ sales were slow to start the month, Bloomberg said.

Diesel and has jumped 17.7 cents in the past two weeks to $4.10 a gallon, while gasoline has soared more than a quarter to $3.61, according to the Department of Energy.

DOE will release its weekly price survey of filling stations on Tuesday afternoon in Washington, due to the federal holiday on Monday.

By Transport Topics

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