News: Crude oil ends holiday shortened week 4.5% lower

  1. U.S. oil futures took a modest turn lower before the close overnight.

    Futures finished the holiday-shortened week with a loss of 4.5% following U.S. weekly reports showing an unexpected rise in crude supplies and 2015’s first increase in the number of active oil-drilling rigs.

    In the U.S., Friday will be a national holiday for Independence Day.

    On the New York Mercantile Exchange, West Texas Intermediate August crude shed 3 cents to settle at US$56.93 a barrel.

    Brent crude added 0.1% to US$62.07 a barrel on London’s ICE Futures exchange.

     

 
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