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Oil: prices fall this Friday

04/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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This weekend, oil prices remained low but on track for solid weekly gains.

Les contrats à terme sur le brut américain West Texas Intermediate was little changed at $73.65 per barrel, while Brent crude oil futures were flat at $77.55 per barrel at 06:46 GMT. Both benchmarks were heading for weekly gains of around 8%. According to Yeap Jun Rong, market strategist at IG, due to growing concerns about possible supply disruptions in the Middle East, as well as optimism that China's recent economic recovery efforts may offer some boost in demand, bearish oil bets have found some leeway to unravel

this week.
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