Oil Prices On Course For A Third Consecutive Weekly Loss

Oil prices were rising in thin trade early on Friday but were headed to a third consecutive weekly loss amid growing fears of slowing demand in China where Covid restrictions are returning amid spiking numbers of infections.  As of 10:00 a.m. ET on Friday, the U.S. benchmark WTI Crude was up 0.62% at $78.42, and the international benchmark, Brent Crude, was trading up 0.30% at $85.60. Oil prices dropped early this week to their lowest level since January, following reports – later refuted – that OPEC+ could be considering a rise…      

Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
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