New York-traded oil ended Friday at its lowest level since March 2009, amassing losses of more than 7% on the week.
Crude-oil futures were mixed, with London-traded Brent settling higher. Investors parsed news of the death of Saudi Arabia’s King Abdullah and marginal improvement in China’s manufacturing data.
Light, sweet crude futures for March delivery CLH5, -2.20% retreated 72 cents, or 1.6%, to settle at $45.59 a barrel on the New York Mercantile Exchange. That was the lowest finish since March 11, 2009.
Gold futures retreated, failing to secure a foothold above $1,300, as the U.S. dollar strengthened against rivals.
Gold for February delivery on Comex GCH5, -0.43% fell $8.10, or 0.6%, to settle at $1,292.60 an ounce, but closed up 1.2% on the week. The precious metal had settled above $1,300 on Thursday for the first time since August.
March silver SIH5, -0.19% fell 6 cents, or 0.3%, to $18.30 an ounce.
SINGAPORE shares end higher on Friday.
The Straits Times Index gained 41.21 points to 3,411.50.
Some 1.80 billion shares, valued at S$1.57 billion were traded.
Gainers numbered 324 while losers numbered 167.