October crude oil fell $1.72, or 1.6%, to settle at $104.67 a barrel, its lowest close since August 21. The contract, which expired at the close of trade on the New York Mercantile Exchange, lost 3.3% for the week.
The spread between Nymex WTI crude and Brent crude traded in London widened Friday. On ICE Futures, November Brent crude rose 46 cents, or 0.4%, to $109.22 a barrel, rebounding a bit from a 1.7% decline a day earlier. Prices ended 2.2% lower than a week ago.
You might be interested in …
Lowest Cost Bitcoin-Linked ETF to Launch on November 16: VanEck Bitcoin Strategy ETF (XBTF)
Developed by ETF and crypto innovators, VanEck structured XBTF as a C-Corporation aimed at tax efficiency for long-term investors and fairly priced
CFTC Orders Interactive Brokers LLC to Pay a $1.75 Million Penalty for Supervision Failures
CFTC filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant, for failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020
CFTC is investigating potential manipulation of interest rate contracts
The US regulator has issued subpoenas related to the benchmark for swaps
Latest Posts
