Oil Prices Head for Weekly Loss as Saudi Export Fears Ease ...Middle East

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Oil Prices Head for Weekly Loss as Saudi Export Fears Ease
source : OILPRICE ( Middle East ) () 55
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders' fears about Saudi Arabia’s ability to continue exporting oil appeared to have been quelled by reports about ship-to-ship transfers in the Gulf of Oman. At the time of writing, Brent crude was trading at $103.65 per barrel, with West Texas Intermediate at $101.04 per barrel, both set for a modest loss. However, it bears noting that both remain above $100 per barrel, which keeps the pressure on end fuel prices that are frustrating drivers and…

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