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Commodity: oil is tending towards a weekly loss

03/02/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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On Friday, oil prices registered modest gains in early trading. However, they were headed for a second consecutive week of losses.

West Texas Intermediate (WTI) U.S. crude oil futures gained 18 cents, or 0.2%, to $76.06 per barrel and Brent crude oil futures rose 16 cents, or 0.2%, to $82.33 per barrel at 0110 GMT. Indeed, Brent has fallen by 4.8% since the start of the week. There continued to be a loss of 1.1% compared to the previous week. For its part, WTI fell by 4.5% after sliding by 2% the previous week.

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