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.
You must log in to post a comment.