Oil prices end week around $74 mark in uncertain market

Crude oil prices end the week trading around the $74 mark as a uncertain market and mixed global data sends oil prices up $4 since Monday. US Light crude oil futures for July delivery dropped $1.70 to close at $73.78 a barrel on the NYMEX, while in London, Brent crude oil futures fell 94 cents to settle at $74.35 on the ICE Futures Exchange. Oil traders have been trying to get a sense of where prices are headed from a mixed bag of data. After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, both Brent and Light oil futures contracts fell back again on Friday on news of an unexpected decline in retail sales in the US. The end of week decline showed how feeble the rally was and how sensitive oil prices remain to economic news, currency rates and stock market swings. Oil prices back at $70 range after 20 percent May losses Oil prices trading near 2010 highs on latest US jobs data The Weekly Oil Futures Wrap at Live Oil Prices Crude oil prices fall four percent on gloomy US jobs data Oil prices open trading around $72 mark, US dollar gains Oil prices trading at $70 mark amid stock market falls Brent oil trading lower on continued euro debt concerns Oil prices trading at $71 mark, following stock markets Oil prices back in $85 to $90 trading range, in mixed week Oil prices start the week trading higher on US data Crude oil prices hit 2010 trading high on falling US dollar Oil prices trading higher on Monday amid weaker US dollar Crude oil prices gain as traders eye global stock markets Oil prices trading down two percent on stronger US dollar Crude oil prices trading lower on stronger US dollar Light oil prices end the week well above $80 trading range Oil prices trading steady around $80, stronger US dollar Oil prices trading down two percent on stronger US dollar Brent v WTI, the battle of the crude oil price benchmarks Brent oil price trading above $72, looks to US crude data

Excerpt from:
Oil prices end week around $74 mark in uncertain market