WTI futures prices increased by $0.89 (1%) from $69.49 to $70.38 for the week ending November 8 but fell by $1.98 (3%) on Friday. The 12-month spread decreased by $0.09 (4%) and the 6-month spread fell by $0.20 (16%). Prompt backwardation decreased while the tail increased. Brent futures rose by $0.71 (1%) from $73.16 to $73.87 during the same week but dropped by $1.76 (2%) on Friday. Contract roll complicated otherwise boring changes. Oil futures fell over $1 a barrel due to dollar strength. Brent crude oil fell by 2% intraday, currently at $72.32 per barrel. Crude oil is down $2.20 or 3.12% at $68.20, the lowest level since October 30. Brent crude futures settled at $71.83 per barrel, down $2.04 (2.76%). NYMEX WTI crude December futures settled at $68.04 per barrel, down $2.34 (3.32%). U.S. crude oil futures also settled at $68.04 per barrel, down $2.34 (3.32%). The decline in oil prices is attributed to weak demand in China and a strong U.S. dollar.