(Bloomberg) — Oil ended the first full week of 2020 with the steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled.Futures settled at a one-month low in New York on Friday to cap a volatile week that saw crude soar and then crash as the U.S. and Iran teetered on the brink of all-out conflict. Ultimately, prices finished the week down more than 6%.“Prices are still sliding because of the easing in tensions in the Middle East,” said Michael Loewen, director of commodity strategy at Scotiabank. “That’s draining the supply risk premium that …read more
Source:: Yahoo Finance
