Oil Futures End The Week More Than 10% Lower

By Myra P. SaefongMarketWatch Pulse

Oil futures fell on Friday for a fifth straight session, tallying a weekly loss as weak economic data from China and a recent drop in its stock market dulled prospects for energy demand. February crude settled at $33.16 a barrel, down 11 cents, or 0.3%, on the New York Mercantile Exchange. WTI prices settled at their lowest level for a most-active contract since February 2004, according to FactSet data. For the week, prices lost 10.5%.

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