Investors focused on possible impact of Tropical Storm Nate
Crude Oil: 50.75 barrel, Natural gas: 2.895/MMBtu, Gold: $1270.60 per troy oz
Oil prices were lower Friday as investors braced for Tropical Storm Nate, anticipating the storm would cause refiners on U.S. Gulf Coast to slow down.
U.S. crude futures fell $1.28, or 2.52%, to $49.51 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.09, or 1.91%, to $55.91 a barrel on ICE Futures Europe. To Read More.
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