Oil futures close shy of $91, but post weekly win
LOS ANGELES (MarketWatch) — Oil futures slipped Friday, giving up earlier gains following a government report showing a smaller-than-expected decline in the nation’s crude supplies last week. Crude for February delivery shed 7 cents, or 0.1%, to settle at .80, but finished off session lows. Oil finished the holiday-shortened week higher by 2.4%. The Energy Information Administration on Friday reported crude supplies for the week ended Dec. 21 fell by 600,000 barrels. Analysts polled by Platts had expected a 2 million-barrel drawdown.
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