Oil prices dip but remain on track for weekly gain on supply jitters
Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine. Brent futures slipped by 62 cents, or 0.
Oil prices end lower, erasing weekly gains
A number of decisions are pending … that could drive the oil price in one direction or the other,” one analyst noted.
Oil Prices Slide After Streak of Gains
The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains, but prices reversed course on Friday morning.
Oil Futures Retreat Into the Weekend Again
Oil futures fell, giving up gains of previous sessions that were fueled by near-term supply concerns and expectations that OPEC+ may put off returning barrels to the market in April as planned.
Oil falls 2% but still set for slight weekly gain on supply jitters
Oil prices fell 2% on Friday but were still on track for a weekly gain on supply disruptions in Russia while uncertainty loomed over a potential peace deal in Ukraine. Brent futures fell $1.42, or 1.9%,
Oil prices set for biggest weekly gain since January: what’s driving the rally?
Oil is headed for its biggest weekly gains since the middle of January as supply disruptions and rising demand supported sentiments. A weaker US dollar also boosted demand for the commodity. A weaker dollar makes commodities priced in the greenback cheaper for overseas buyers.
Oil Set for Weekly Gains as Supply Concerns Weigh on Sentiment
Crude futures edged lower in early trade but were still poised for weekly gains of more than 1.5% on rising supply concerns and a weaker dollar.
Oil prices end higher as investors shake off rise in U.S. crude inventories
Oil futures ended higher Thursday, with investors shaking off a larger-than-expected rise in U.S. crude inventories.
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