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Despite its gains, oil is heading for the biggest weekly decline since last March

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS

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Despite its gains, oil is heading for the biggest weekly decline since last March

Post by RamblerNash Fri Aug 06, 2021 10:56 pm

Friday 06 August 2021 11:41

Baghdad / NINA / - Oil prices extended gains, today, Friday, but remained on track for their biggest weekly decline since March, as travel restrictions to limit the spread of the COVID-19 delta version raised concerns about fuel demand.

Brent crude futures rose 47 cents to $71.76 a barrel, while US West Texas Intermediate crude futures rose 45 cents to $69.54 a barrel, but both contracts fell 6% this week, the largest decline since March.

Japan is preparing to expand emergency restrictions to more prefectures, while China, the world's second largest oil consumer, has imposed restrictions in some cities and canceled flights, threatening fuel demand.

https://ninanews.com/Website/News/Details?key=919894

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Despite its gains, oil is heading for the biggest weekly decline since last March 258310255

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RamblerNash: GURU HUNTER; Posts : 24228
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