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Oil drops as U.S., China data feed global growth worries, still logs a weekly gain


Saturday, 9 March 2019 04:19 WIB

Minyak WTIMinyak jenis Brent


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Oil futures finished lower Friday as a downbeat employment report from the U.S. and trade data from China reinforced worries about global economic growth and energy demand.

Against that backdrop, April West Texas Intermediate crude declined by 59 cents, or 1%, to settle at $56.07 a barrel on the New York Mercantile Exchange after dropping earlier to as low as $54.52. Prices rose 0.5% for the week, according to Dow Jones Market Data. Global benchmark May Brent crude lost 56 cents, or 0.8%, to $65.74 a barrel on ICE Futures Europe, but still saw a weekly rise of 1%.

Source: Marketwatch


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