Oil Prices On Course For A Third Consecutive Weekly Loss

oil prices on course for a third consecutive weekly loss

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Oil prices were rising in thin trade early on Friday but were headed to a third consecutive weekly loss amid growing fears of slowing demand in China where Covid restrictions are returning amid spiking numbers of infections. As of 10:00 a.m. ET on Friday, the U.S. benchmark WTI Crude was up 0.62% at $78.42, and the international benchmark, Brent Crude, was trading up 0.30% at $85.60. Oil prices dropped early this week to their lowest level since January, following reports – later refuted – that OPEC+ could be considering a rise…

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Oil Prices On Course For A Third Consecutive Weekly Loss

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OILPRICE Oil Prices On Course For A Third Consecutive Weekly Loss Oil prices were rising in thin trade early on Friday but were headed to a third consecutive weekly loss amid growing fears of slowing demand in China where Covid restrictions are returning amid spiking numbers of infections. As of 10:00 a.m. ET on Friday, the U.S. benchmark WTI Crude was up 0.62% at $78.42, and the international benchmark, Brent Crude, was trading up 0.30% at $85.60. Oil prices dropped early this week to their lowest level since January, following reports – later refuted – that OPEC+ could be considering a rise…

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