Oil Prices Set for Weekly Loss as Demand Concerns Offset Geopolitics ...Middle East

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Oil Prices Set for Weekly Loss as Demand Concerns Offset Geopolitics
source : OILPRICE ( Middle East ) () 125
Crude oil prices were set for a weekly loss today despite a flare-up in the Middle East and the virtual certainty OPEC+ would not be bringing any barrels back anytime soon. Brent crude was trading at $73.38 per barrel at the time of writing, and West Texas Intermediate was changing hands for $69.15, both up from Thursday but down on the start of the week as the U.S. brokered a ceasefire between Israel and Lebanon’s Hezbollah. The ceasefire is already fraying at the edges, with Israel bombing Lebanese targets hours after its announcements…

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