CL
Oil futures fell sharply on Friday, after data showed that the pace of falling rigs in the U.S. slowed last week, underlining concerns over a glut in supplies. Industry research group Baker Hughes (NYSE:BHI) said Friday that the number of rigs drilling for oil in the U.S. fell by just 37 in the past week, the smallest weekly drop this year and compared to a decline of 84 rigs in the preceding week. The number of rigs drilling for oil in the U.S. totaled 1,019 last week, the lowest since August 2011. The number of oil rigs has declined in 16 of the last 19 weeks since hitting an all-time high of 1,609 in mid-October.
GOLD
Gold ended Friday's session close to a six-week low after euro zone finance ministers agreed on a deal to extend Greece’s bailout by four months, dampening the safe-haven appeal of the precious metal.
