Oil Prices Fall Amid Iran Concerns

0

Crude futures fell marginally on Friday, ending the week slightly lower as above-normal temperatures in parts of the U.S. helped ease supply concerns. But the market remained worried about oil-rich Iran, which threatened to block inspections of its nuclear sites if confronted by the U.N. Security Council.


Light sweet crude for February delivery dropped 2 cents to settle at $63.92 a barrel in a shortened trading session on the New York Mercantile Exchange, which will be closed Monday in honor of Martin Luther King Day. Last Friday, Nymex crude settled at $64.21. In London, February Brent crude futures fell 36 cents to close at $62.26 a barrel on London’s ICE Futures exchange.


*

Read the full Associated Press story

.

No posts to display