Oil Prices On Track For Another Weekly Gain Despite India’s COVID Crisis ...Middle East

Economy by : (OILPRICE) -
Oil prices fell early on Friday, yet they were still headed for a second consecutive weekly gain, for a first such back-to-back weekly gain in nearly two months. Bullish demand outlooks thanks to the reopening in the United States and Europe and a large draw in U.S. crude oil inventories have mostly prevailed this week over the concerns about a slowdown in oil demand in the world’s third-largest oil importer, India. As of 9:51 a.m. EDT on Friday, WTI Crude prices were down 0.28 percent at $64.53 and Brent Crude was trading down 0.29 percent…

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