Guest post by oilprice.com
Crude Oil Tracks Stocks Upwards to Close Week Above $76 a Barrel
Oil Market Summary for 07/05/2010 to 07/09/2010
Crude oil futures finished the week on a positive note, tracking stocks upward after hitting the low for a month earlier in the week.
The benchmark West Texas intermediate contract settled Friday at $76.09 a barrel, up 65 cents on the day. On Tuesday, the contract declined for the sixth session in a row, closing at $71.98, its first dip below $72 in a month.
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