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Oil: prices on track for a fourth consecutive week of increase

05/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Buoyed by hopes of strong summer fuel demand and concerns about supply, oil prices were little changed on Friday, trading near their highest level since late April and on track for a fourth consecutive week of growth.

Brent crude oil futures were up 11 cents, or 0.13%, to $87.54 per barrel at 08:17 GMT. West Texas Intermediate (WTI) U.S. crude futures rose 24 cents, or 0.29%, to $84.12. On Independence, trading was weak and there was no American market being closed on Thursday for the WTI settlement holiday, but prices rose this week due to high expectations of summer demand in the United

States.
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