December WTI crude oil is headed for one of its roughest weekly losses in months after the market shed $11. 37, or 11. 10%, from its opening price of $102. 39. Prices posted a weekly high at $102. 75 before breaking sharply to $86. 65. Early Friday, the contract was trading near $91. 58, still down heavily for the week. The decline was not driven by a sudden collapse in demand or a surprise rise in inventories. Traders began stripping out a portion of the war premium that lifted prices toward the October highs as U.S.
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