Friday, December 20, 2024
Oil heads for weekly gain on US growth and Middle East concerns- oil and gas 360

Oil heads for weekly gain on US growth and Middle East concerns

US News LONDON -Oil eased on Friday but was heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support. The United States, the world’s biggest oil consumer, registered faster than expected economic growth in the fourth quarter, data showed on Thursday. Oil demand