Crude oil drops as Saudi decision continues to weigh

Posted on at - Crude oil futures dropped on Friday, as Saudia Arabia's decision on Thursday to trimmed the price of oil it exports to the U.S. and Asia continued to weigh.

On the New York Mercantile Exchange, U.S. crude oil for delivery in January declined $0.51 or 0.76% to trade at $66.31 a barrel during European early afternoon trade.

Prices retreated $0.57 or 0.85% on Thursday to settle at $66.81.

Futures were likely to find support at $63.72, the low from December 1 and resistance at $69.32, the high from December 2.

About the author


I Am Forex Trader and provide you Forex training

Subscribe 0