Via the LA Times:
Oil prices continued to slide. U.S. crude dipped 11 cents to $33.16 a barrel in New York, and Brent crude, a benchmark for international oils, lost 20 cents to $33.55 a barrel in London.
Energy stocks continued to decline, as drilling services company Transocean sank 26 cents, or 2.4%, to $10.74 and Marathon Oil fell 25 cents, or 2.3%, to $10.42.
Despite Friday’s gains, the market is on pace for its worst week since August. The S&P 500 has fallen 4.8% this week, and the Nasdaq is in a six-day skid.
China’s stock market also rose to end a tumultuous week. The benchmark index in Shanghai gained 2% on Friday after a 7% plunge on Thursday led to an early halt in trading.