Oil Prices Edge Lower but Remain Poised to End the Week Higher ...Middle East

Economy by : (OILPRICE) -
Crude oil prices inched down at the end of the week but are still on course to end it with gains as the disruption to exports from the Middle East extends to a third week. At the time of writing, Brent crude was trading at $106.71 per barrel, after it started the week around $103. West Texas Intermediate was trading at $93.58 a barrel, down from over $99 a barrel at the start of the week. The dip at the end of the week came on the back of statements from world leaders acknowledging the need to restore tanker flows via the Strait of Hormuz, although…

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