Oil futures fall, but score third straight weekly gain

Oil futures settled lower on Friday, but marked a third-straight weekly gain as traders took a cautious stance ahead of a key meeting of major oil producers next week.

July West Texas Intermediate crude CLN6, -0.39%  fell by 15 cents, or 0.3%, to settle at $49.33 a barrel on the New York Mercantile Exchange. Prices, based on the most-active contracts, were up roughly 1.9% from last Friday’s settlement, according to FactSet data.

Read: When do stock and bond markets close for Memorial Day?

July Brent crude LCON6, -0.53% declined 27 cents, or 0.5%, to $49.32 a barrel on London’s ICE Futures exchange. The contract, which expires Tuesday, saw a weekly climb of about 1.2%.

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