Oil drilling rigs

Oil prices settled higher on Friday, recording their first loss in eight weeks amid mounting concerns about demand in China and the US monetary tightening.

 

Brent crude for October delivery gained 0.8%, or 68 cents, to $84.80 a barrel, posting a weekly loss of around 1.9%.

 

WTI contracts for September delivery rose 1.1%, or 86 cents, to $81.25 a barrel, but posted a weekly loss of almost 2.3%.

 

Both crude benchmarks ended their longest weekly rally in over a year.

Elsewhere, Baker Hughes data showed that the US oil rig count declined by five this week.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Brent Crude Oil
74.92
(0.21) (0.27%)
Nymex
71.28
1.14 1.62%

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request