Oil Prices Are on Course for Another Weekly Slump ...Middle East

OILPRICE - Economy
Oil Prices Are on Course for Another Weekly Slump
source : OILPRICE ( Middle East ) () 58
Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a 90-day pause on the levies. At the time of writing, Brent crude was trading at $63.01 per barrel, with West Texas Intermediate at $59.74 per barrel. The weekly change in the prices is not very radical, compared with last week’s drop, thanks to the pause that Trump took markets by surprise with on Thursday. The weekly loss for Brent crude, according…

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