Oil prices set for weekly gain on China expectations

Economy
  • 27-12-2024, 12:04
    • +A -A

    Source-INA
    -Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.
     
    Brent crude futures rose 14 cents to $73.40 a barrel by 0750 GMT. U.S. West Texas Intermediate crude was at $69.79, up 17 cents, from Thursday's close. On a weekly basis, Brent was up 0.6% and WTI rose 0.5%.

    Source- Reuters

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