Crude oil prices turned lower over the course of the trading session on Friday but still closed higher for the week.
After reaching a three-month intraday high of $41.20 a barrel, crude for April delivery ended the day down $0.76 at $39.44 a barrel.
The more activity trade May futures fell $0.52 to $41.14 a barrel, pulling back off a high of $42.49 a barrel.
The pullback by the price of crude oil was partly due to profit taking after the price jumped $2.12 a barrel on Wednesday and $1.74 a barrel on Thursday.
Despite the drop on the day, the price of crude oil climbed $0.94 a barrel or 2.4 percent for the week ended March 18th.
The material has been provided by InstaForex Company – www.instaforex.com