Oil finishes the week on the lows ...Middle East

The oil market finished last week on an optimistic note, closing just below the $80 level and threatening to break to the highs since November.Alas, the dam didn't break and oil has slumped back to $76.62, finishing at the lows of the week. For most of the shortened week, oil was trading roughly flat but it slumped today, perhaps due to Israel-Hamas peace negotiations in Paris.That's despite a US weekly oil inventory report that showed some tightness, particularly in products.US refineries should be ramping up in the weeks ahead and stronger global growth is a tailwind but the main driver right now is OPEC and there are signs that producer discipline isn't where it needs to be.

Hence then, the article about oil finishes the week on the lows was published today ( Friday 23/02/2024 - 11:04 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil finishes the week on the lows )

Also on site :

• Skip Ballet Flats, Jane Fonda Proved This Elevated Shoe Will Take Over Spring 2026
• Exclusive: Anthropic acknowledges testing new AI model representing ‘step change’ in capabilities, after accidental data leak reveals its existence
• Montana Senate candidate says he will introduce bill to draft Graham if elected