Futures of crude oil and key U.S. refined oil products on Thursday ended down double-digits for a second straight year as a global supply glut weighed on the industry.
Futures of Brent, the global crude benchmark, settled down 35 percent on the year at $37.28 a barrel, extending a 48 percent drop in 2014.
U.S. crude's West Texas Intermediate (WTI) futures closed the year down 30 percent at $37.04 a barrel, after a 46 percent decline the previous year.
U.S. gasoline futures finished down 12 percent for the year at $1.2671 a gallon, after a 48 percent slump in 2014.
U.S. heating oil futures ended down 40 percent for a second year in a row, settling at $1.1007 a gallon.
Source: www.reuters.com
