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Hydrocarbon: Oil records its first weekly decline in seven weeks

06/02/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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After a sharp drop on Thursday, the oil price grew by more than 1% on Friday, but were heading for their first weekly decline in nearly two months.

The price of Brent crude oil increased by 78% cents, or 1.2%, to reach $68.33 per barrel at 6:58am GMT, while That the price of American crude oil (West Texas Intermediate) has increased by 80% cents, or 1.3%, to reach $64.09 per barrel.

Brent should nevertheless end the week down 3.3%, a drop of 4.8% compared to highs at the end of January, while WTI is heading for a fall weekly of 1.8% and a decrease of 3.4% from its highest level in nearly six months reached last month, after the US President Donald Trump

threatened to strike Iran.
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