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28-Dec2018

Crude oil futures end lower on Thursday

Crude oil futures ended lower on Thursday, fresh off the biggest one-day rally for futures in more than two years, highlighting the volatility that has gripped assets perceived as risky. Both crude grades have fallen four of the past five sessions and seven of the past nine. According to Dow Jones Market Data, US oil is headed for a monthly drop of 12.4%, which would mark its steepest December decline since 2014, when it tumbled 19.5%. Brent was down 11.2% on the month, which would representing its sharpest December since 2015.

Benchmark crude oil futures for February dropped $1.61 or 3.5 percent to settle $44.61 a barrel on the New York Mercantile Exchange. February Brent crude declined $2.31 or 4.2 percent to settle at $52.16 a barrel on London's Intercontinental Exchange.


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