On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, +1.10% traded at $55.34 a barrel at last check, up $0.61 in the Globex electronic session. February Brent crude on London’s ICE Futures exchange LCOG5, +1.04% rose $0.47 to $59.92 a barrel.
Nymex crude lost 4.20% last week and Brent crude was down by 3.14% last week. Both the oil benchmarks have fallen for five consecutive weeks.
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