Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday. Recent U.S. economic data has increased optimism about demand from the world's largest oil consumer.
Brent crude futures were poised for a 1.3% weekly gain, while U.S. West Texas Intermediate crude futures had risen about 1.2%. On Friday, Brent crude fell 30 cents, or 0.4%, to $80.74 per barrel by 0528 GMT, and WTI dropped 40 cents, or 0.5%, to $77.76 per barrel.
Comments
Post a Comment