Oil prices fall for the week on bets for a ‘looming surplus,’ soft China demand

Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the world’s largest crude importer — prompting prices to post a loss for the week.

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Oil prices fall for the week on bets for a ‘looming surplus,’ soft China demand

Topics

Related

Oil prices end higher after tapping a 2-week low

Oil ends down on the day, up for the week on conflicting supply-demand prospects

Oil settles higher after last week’s 8% drop as traders weigh China demand concerns

Crude oil heads to weekly loss as looming surplus depresses market

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

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