U.S. crude futures end down amid position squaring

NEW YORK (BestGrowthStock) – U.S. crude oil futures prices settled lower on Thursday, amid signs of year-end position squaring and with concerns about the euro zone economy also helping to weigh on oil prices.

Position squaring also could have been prompted as the January crude contract’s Monday expiration approaches.

On the New York Mercantile Exchange, January crude fell 92 cents, or 1.04 percent, to $87.70 a barrel, trading from $87.63 to $88.65.

(Reporting by Robert Gibbons; Editing by Marguerita Choy)

U.S. crude futures end down amid position squaring