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Oil futures drop more than 11% for the week

Oil futures fell on Friday, with concerns that Iran will soon add to the world’s glut of crude supplies prompting West Texas Intermediate prices to settle at their lowest level since November of 2003. February crude fell $1.78, or 5.7%, to settle at $29.42 a barrel on the New York Mercantile Exchange. For the week, prices lost 11.3%.

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Oil futures drop more than 11% for the week Reviewed by on . Oil futures fell on Friday, with concerns that Iran will soon add to the world's glut of crude supplies prompting West Texas Intermediate prices to settle at th Oil futures fell on Friday, with concerns that Iran will soon add to the world's glut of crude supplies prompting West Texas Intermediate prices to settle at th Rating:
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