Crude for delivery in April CLJ5, -1.93% settled at $49.61 a barrel, down $1.15, or 2.3%. The contract turned negative just before the nonfarm payrolls figures, then fell further after the numbers came out. News of another weekly drop in the U.S. rig count briefly helped prices pare losses during the session.
Oil futures fall for third straight week
Saturday, 7 March 2015
Crude for delivery in April CLJ5, -1.93% settled at $49.61 a barrel, down $1.15, or 2.3%. The contract turned negative just before the nonfarm payrolls figures, then fell further after the numbers came out. News of another weekly drop in the U.S. rig count briefly helped prices pare losses during the session.
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