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Oil settles slightly lower for the session, loses 2.9% for the week

Oil settled just two cents decrease on Friday, marking a loss of 2.9% for the week. Ongoing concerns over the potential of weaker energy call for at the back of world trade tensions pressured prices, but expectations for tighter provides later this 12 months when U.S. oil sanctions on Iran take impact provided some fortify. October West Texas Intermediate oil CLV8, +zero.13% fell 2 cents to settle at $67.75 a barrel at the New York Mercantile Exchange.

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U.S. benchmark oil prices slip, e-book first weekly loss in three weeks

U.S. benchmark oil futures saw a modest decline Friday as concerns surrounding an unexpected weekly upward push in U.S. fuel inventories and the potential of a trade-dispute prompted decline in global energy call for brought about prices to e-book their first weekly loss since mid-August.

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