Crude Prices End the Week Down 6.3% on Debt Worries

Reuters

U.S. crude oil futures fell more than 2 percent on Friday, closing out the week with the biggest loss in six weeks, as a sell-off was triggered by worries about the Greek debt crisis and U.S. economic growth.

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On the New York Mercantile Exchange, crude for July delivery, which is expiring on Tuesday, settled at $93.01 a barrel, down $1.94, or 2.04 percent, the lowest since the Feb. 18 close at $86.20. It traded from $91.84 to $95.40.

For the week, front-month NYMEX crude dropped $6.28, or 6.3 percent, the biggest weekly percentage loss since prices fell a record $16.75, or 14.7 percent in the week to May 6.

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