Oil prices drop over 3% for the session, but eke out a gain for the week

U.S. oil prices dropped by more than 3% on Friday to finish at their lowest level in a week, pressured by a slow recovery among Gulf refiners recovering from Hurricane Harvey. Traders also mulled the potential impact of Hurricane Irma on Florida’s demand for oil products. October West Texas Intermediate crude lost $1.61, or 3.3%, to settle at $47.48 a barrel on the New York Mercantile Exchange. Prices still saw a gain of 0.4% for the week.

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From:: Stock Market News

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