Monday, June 5, 2023
12.4 C
New Jersey

Green Revival of Black Gold

Must read

Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Oil prices rose again in daily trading today, Friday, but heading towards fixing weekly losses exceeding the 6% mark.

By 14:57 Moscow time, Brent crude futures rose 0.22% to $81.28 a barrel, while US oil futures rose 0.26% to $77.57 a barrel.

Oil prices show their first weekly decline in four weeks, down 5.84% for Brent blend and 5.97% for US oil.

Experts attribute the drop in oil prices at the end of this week to weak economic data, which investors may interpret as pointing to recession risks and lower demand for oil.

Source: Prime + Bloomberg.

More articles

Latest article