Oil set for fourth week of gains as investors assess US sanctions impact
Economy
- 17-01-2025, 13:12
INA-source
Oil prices edged up on Friday, heading for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions.
Brent crude futures were trading up 30 cents or 0.4% higher at $81.59 per barrel by 0923 GMT, having gained 2.3% so far this week.
U.S. West Texas Intermediate crude futures were up 41 cents or 0.5% at $79.09 a barrel, having climbed 3.3% for the week.
Source- reuters
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