Crude oil futures end the week down sharply

Down 3.97% on the day. Settles at $44.48, down $1.84

Crude oil futures are down nearly 4% in trading today on reports that the Saudis will not make a deal on output at next weeks meeting in Algiers (see Adam's post here).

For the week, the contract is actually up. Last week, the contract closed around $43.85. The The low reached $43.06 on Tuesday and the high extended to $46.54 in trading today.