Oil drops 1%, set for greatest month to month fall since November as exchange wars spreads
Oil costs fell by over 1% on Friday and were on track for their greatest month to month fall since November as exchange clashes spread and U.S. unrefined yield came back to record levels.
Front-month Brent rough prospects, the global benchmark at oil costs, were at $65.97 at 0639 GMT, somewhere near 90 pennies, or 1.4%, from last session’s nearby.
U.S. West Texas Intermediate (WTI) rough prospects were at $55.92 per barrel, down 67 pennies, or 1.2%, from their last settlement. WTI prior denoted its most reduced since March 8 at $55.66 a barrel.