‎Oil prices decline, set for second straight weekly drop

‎Oil prices decline, set for second straight weekly drop ‎Oil prices decline, set for second straight weekly drop

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Oil drilling rigs

Oil prices fell in Friday trading and were set for a second straight weekly decline as market concerns over a potential US–Iran conflict disrupting supplies continued to ease.

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April Brent crude futures slipped 0.15%, or 10 cents, to $67.42 a barrel at 09:23 am KSA time. Prices are on track to fall about 0.8% this week.

US WTI crude futures for March dropped 0.25%, or 15 cents, to $62.69 a barrel. Weekly losses are expected to exceed 1%.

Markets are awaiting later Friday data from Baker Hughes on the US oil and gas rig count for fresh signals on supply trends.

 

Oil drilling rigs

Oil prices fell in Friday trading and were set for a second straight weekly decline as market concerns over a potential US–Iran conflict disrupting supplies continued to ease.

April Brent crude futures slipped 0.15%, or 10 cents, to $67.42 a barrel at 09:23 am KSA time. Prices are on track to fall about 0.8% this week.

US WTI crude futures for March dropped 0.25%, or 15 cents, to $62.69 a barrel. Weekly losses are expected to exceed 1%.

Markets are awaiting later Friday data from Baker Hughes on the US oil and gas rig count for fresh signals on supply trends.

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