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U.S. oil snaps 7-session streak of gains but logs best yearly rise in over a decade

U.S. oil snaps 7-session streak of gains but logs best yearly rise in over a decade

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U.S. oil futures on Friday settled lower on the eve of 2022, marking the first decline in the past eight sessions, but the loss belies a stellar year for crude bulls, with the commodity posting the sharpest annual rise since 2009. West Texas Intermediate crude oil for February delivery CLG22, -2.21% CL00, -2.21% declined $1.78, or 2.3%, to end at $75.21 a barrel on the New York Mercantile Exchange, after gaining 0.6% on Thursday.

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