Oil futures fall again, skid more than 10% for the week

Oil futures failed to recover Friday from weekly losses that pulled prices down by more than 10%, even as the Chinese stock market rose and the U.S. jobs data came in much stronger than expected.

February West Texas Intermediate crude CLG6, -2.41%  fell 11 cents, or 0.3%, to settle at $33.16 a barrel on the New York Mercantile Exchange, after seesawing between losses and gains. For the week, prices ended 10.5% lower for the largest weekly loss since the week ended Dec. 11. The settlement was the lowest since February 2004, according to FactSet data.

February Brent crude LCOG6, -2.65% the global oil benchmark, lost 20 cents, or 0.6%, to $33.55 a barrel, for a weekly loss of about 10%. That was the lowest price settlement since June 2004.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my