Oil fell US$2 a barrel on Friday, May 07, and posted its biggest weekly loss in almost a year and a half following the sharp sell-off on Wall Street and on worries that the Euro zone’s debt crisis will derail the global economic recovery.
On the New York Mercantile Exchange, front-month June crude <CLM0> fell 2.59 percent, to settle at US$75.11 a barrel.  For the week, front-month crude futures fell US$11.04, or 12.81 percent.
