Friday, November 22, 2024
Oil prices set for biggest weekly loss in over a month on demand worries- oil and gas 360

Oil prices set for biggest weekly loss in over a month on demand worries

(Investing) – LONDON-Oil futures dropped on Friday as they headed for a roughly 7% weekly drop as China’s economic growth slowed and threats to supply abated in the Middle East. Brent crude futures fell 89 cents, or 1.2%, to $73.56 a barrel by 1328 GMT, while U.S. West Texas Intermediate crude was at $69.72 a barrel, down 95 cents or 1.3%. The