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Brent crude ends week down 4.7 pct on Greek worries

Published 06/17/2011, 03:20 PM
Updated 06/17/2011, 03:24 PM
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NEW YORK, June 17 (Reuters) - Brent crude oil futures fell less than a dollar on Friday, but finished the week with the biggest loss in six weeks on worries that the Greek debt crisis could spread and further weaken economic growth.

In London, ICE Brent crude for August delivery settled at $113.21 a barrel, dropping 81 cents, or 0.71 percent, the lowest settlement since May 24, when front-month Brent closed at $112.53.

For the week, front-month Brent fell $5.57, or 4.7 percent, the biggest weekly loss since the week to May 6, when prices tumbled $16.76 or 13.3 percent. (Reporting by Gene Ramos)

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