Top

Oil falls as stock market sees renewed pressure

October 26, 2018

Category:

Oil futures fell Friday as traders continued to take their cues from global equity markets, which were set for a renewed slide to end a volatile week.

West Texas Intermediate crude for December delivery CLZ8, -1.08% on the New York Mercantile Exchange fell $78 cents, or 1.2%, to $66.55 a barrel. The U.S. benchmark was on track for a 3.2% weekly decline. December Brent crude LCOZ8, -0.81% the global benchmark, was off 69 cents, or 0.9%, to $76.20 a barrel and was headed for a 4.5% weekly fall.

Read More on Market Watch