Oil continues to rise for the fourth session and is heading for weekly gains
01-09-2023 12:43 PM
Oil prices are heading to end a two-week losing streak, with its rise for the fourth consecutive session today, Friday, thanks to declining supplies and expectations that the OPEC + group will extend production cuts until the end of the year.
The two benchmarks rose slightly in early Asian trading, as US West Texas Intermediate crude rose seven cents, or 0.1 percent, to $83.70 a barrel, and Brent crude also rose seven cents to $86.90 a barrel, according to CNBC Economic Network. Favorite
Oil prices are heading to end a two-week losing streak, with its rise for the fourth consecutive session today, Friday, thanks to declining supplies and expectations that the OPEC + group will extend production cuts until the end of the year.
The two benchmarks rose slightly in early Asian trading, as US West Texas Intermediate crude rose seven cents, or 0.1 percent, to $83.70 a barrel, and Brent crude also rose seven cents to $86.90 a barrel, according to CNBC Economic Network. Favorite