Oil Poised for Biggest Weekly Loss since November

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Oil prices were falling by 2% on Friday morning and were headed to their biggest weekly decline since November 2023 as reports continue to emerge that negotiations of a possible ceasefire between Israel and Hamas in Gaza are advancing. As of 10:04 a.m. ET on Friday, the U.S. benchmark, WTI Crude, was trading down by 2.30% at $72.21, while Brent Crude, the international benchmark, had declined by 1.89% on the day, to $77.28 per barrel. On Monday, Brent surged to nearly $85 a barrel following a drone attack in Jordan that killed…      



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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