US oil prices end down 7.7 per cent at US 50.42/barrel
US oil prices finished sharply lower Friday, weighed down by worries over excess supply and tepid demand amid global economic uncertainty.
The benchmark US contract, West Texas Intermediate for January delivery, dropped USD 4.21 to USD 50.42 a barrel in a holiday-shortened session, a decline of 7.7 per cent and the lowest level in more than a year.
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 24 2018 | 12:45 AM IST