LONDON -- Economic uncertainty and strong inventories have weakened oil prices this week, especially in the United States. Brent crude on the December contract was down by 0.8% on the week at $109.50 per barrel shortly after U.S. markets opened on Friday, but WTI crude fell further, opening down by 4.4% on the week at $85.80 on Friday.
Natural gas for November delivery also fell and was down by 6.4% on the week at $3.38/mmbtu when U.S. markets opened on Friday.
Many investors prefer to invest in commodity ETFs rather than directly in futures, and the United States Oil Fund
The nature of oil and gas companies' businesses means that they can succeed or fail regardless of oil prices. This week's risers have all outperformed the price of oil by a big margin in this week.
The Parkmead Group
The Parkmead Group
Serica Energy
Serica Energy
Bonanza Creek Energy
Bonanza Creek Energy
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