Markets

Oil Futures Close Shy of $91, But Post Weekly Win

Oil futures slipped Friday, giving up earlier gains following a government report showing a smaller-than-expected decline in the nation's crude supplies last week, MarketWatch reported.

Crude for February delivery shed 7 cents, or 0.1%, to settle at $90.80, but finished off session lows. Oil finished the holiday-shortened week higher by 2.4%.

The Energy Information Administration on Friday reported crude supplies for the week ended Dec. 21 fell by 600,000 barrels. Analysts polled by Platts had expected a 2 million-barrel drawdown.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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