Are You Buying or Selling Crude Right Now?
Brent crude oil slipped to a six-week low below $110 per barrel on Friday, weighed down by growth worries as political gridlock brought the prospect of massive U.S. government spending cuts and on disappointing European industrial data.
Brent crude futures fell $1.56 to a low of $109.82 per barrel, its weakest since mid-January, before recovering slightly to around $110.10 by 1445 GMT. For the week, the contract is down more than 3 percent, its third consecutive weekly loss.
U.S. light, sweet crude fell to a low of $90.44, down $1.61. The contract has lost more than 2.5 percent for the week.
(Read More: Track US Crude Futures Here)
That said, we want to hear from you — are you buying or selling crude right now?
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