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Oil: price changes

27/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices were little changed on Friday, but due to optimism over economic recovery efforts in China, the world's largest oil importer, they are expected to rise weekly.

Brent oil futures fell by 1 cent to $73.25 per barrel at 0145 GMT. U.S. West Texas Intermediate crude was $69.60, down 2 cents from the close on Thursday. However, on a weekly basis, Brent rose by 0.4% while WTI rose by 0.2%. According to market sources, the latest weekly US inventory report, from the American Petroleum Institute industrial group, showed that crude inventories fell last week by 3.2 million barrels

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