Oil Prices Set to Post Another Weekly Gain ...Middle East

OILPRICE - Economy
Oil Prices Set to Post Another Weekly Gain
source : OILPRICE ( Middle East ) () 32
Despite a dip yesterday on weak economic data from the United States, crude oil prices were set to end the week with another gain, extending their latest upward streak to a full month. Oil is now at the highest level since April with Brent crude adding some 9% over the past four weeks, according to Reuters, and West Texas Intermediate rising by $10 per barrel over the period. “Market sentiment has been supported this week by strong mobility indicators and intensifying geopolitical tension in the Middle East,”…

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