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Find all the economic and financial information on our Orishas Direct application to download on Play StoreDue to concerns about excess global supply and weak Chinese demand, the oil benchmark indexes were heading for a seventh consecutive weekly decline.
Brent oil futures rose by $1.29, or 1.7%, to $75.34 per barrel at 0359 GMT, while West Texas Intermediate oil futures gained $1.11, or 1.6%, to $70.45 per barrel. Both references fell to their lowest levels since the end of June during the previous session. Brent and WTI futures prices are on track to fall by 4.5% and 4.8% respectively for the week, representing their biggest losses in
five weeks.
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