Oil futures settled lower Friday, with U.S. prices breaking the longest winning streak in more than a year over worries about China growth and fresh friction between Washington and Beijing.
July West Texas Intermediate oil fell 67 cents, or 2%, to settle at $33.25 a barrel on the New York Mercantile Exchange. On Thursday, the contract posted a gain for a sixth straight session—the longest since February 2019, according to Dow Jones Market Data. Prices rose 1.3% Thursday to settle at $33.91—the highest since March 10, based on the front-month contracts.
Global benchmark Brent crude for July delivery lost 93 cents, or 2.6%, to $35.13 a barrel on ICE Futures Europe.
Source : Marketwatch