Crude-oil futures fell to their lowest since May 2009 on Friday, briefly dropping below $57 a barrel, after the International Energy Agency delivered the latest reduction in forecasts for global oil demand.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -4.10% fell $2.14, or 3.6%, to settle at $57.81 a barrel.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -4.10% fell $2.14, or 3.6%, to settle at $57.81 a barrel.
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