Logo

Oil prices set to snap two-week losing streak as peace in Ukraine remains elusive

Oil prices were little changed on Friday as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded by oil sellers and putting prices on track to snap a two-week losing streak.

Brent crude futures were down 12 cents at $67.55 a barrel as of 0415 GMT, while West Texas Intermediate (WTI) crude futures fell 10 cents to $63.42.

Both contracts climbed more than 1% in the prior session. Brent has risen 2.7% this week, while the WTI has gained 1.1%.
Source: Reuters



Source

Related News

Marinakis’ CCEC partners with BGN on LNG vessel ve...

17 hours ago

DHT Holdings provides business update for (TCE) ch...

17 hours ago

IEA ready to release oil stockpiles if Iran war wo...

18 hours ago

Bessent says China hoarding oil, limiting exports ...

18 hours ago

Kang Hoon-sik secures Qatar energy pledges and lau...

19 hours ago