Week Ends on Quiet Note After Steep Losses on Europe Debt Woes

摘要

Crude futures were little changed on Friday but posted a loss of 5% for the week, consolidating at lower levels as traders weighed the consequences for demand of Europe’s debt problems and the related slowdown of the continent’s economy. Nymex January crude settled 34￠ lower at $93.53 per barrel on Friday but was down $5.88 or 5.91% for the week. February Brent — the new front-month contract — fell 25￠ Friday to $103.35/bbl and was down $5.12 for the week. Nymex January gasoline fell 0.07￠ Friday to $2.4870 per gallon.