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Oil Takes First Weekly Drop in Two Months
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.
