Oil Prices Poised for a Weekly Gain as Bullish Sentiment Builds ...Middle East

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Oil Prices Poised for a Weekly Gain as Bullish Sentiment Builds
source : OILPRICE ( Middle East ) () 83
Crude oil prices were on course to post a weekly gain earlier today despite some strong headwinds that blew the benchmarks lower earlier in the week. A fresh round of Israeli airstrikes on Gaza once again raised the war premium on crude, pushing Brent and WTI higher as the prospect of a ceasefire moved further in the distance yet again. In the U.S., better-than-expected unemployment figures quenched concerns about the world’s biggest consumer of oil. Interestingly, it was a jobs report that pushed oil prices lower earlier in the week. The…

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