Oil dips, but posts weekly gain on solid 2024 demand outlook

New York, June 15 (Reuters) – Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024.


Brent crude futures settled down 13 cents at $82.62 a barrel, while West Texas Intermediate (WTI) U.S. crude futures were down 17 cents at $78.54, Reuters reported.

 

Brent and the U.S. benchmark gained nearly 4% over the week, highest weekly rise in percentage terms since April.



M.I.







#Oil #dips #posts #weekly #gain #solid #demand #outlook

Source link

READ MORE  BCCI's Sonya Janahi appointed ALO's Arab Women Labour Affairs Committee member

Leave a Comment