Oil Price Fundamental Daily Forecast – Late Session Sell-off Sinks Prices; US Producers Shed 19 Rigs

U.S. West Texas International and international-benchmark Brent crude oil finished sharply lower on Friday, nearly erasing all of the previous session’s record one day gains. Most of losses occurred during the last half-hour of trading when prices plunged $4.00 as the April U.S. futures contract expired.