Oil prices rise toward weekly gains on Friday

15/09/2018 Argaam

 

Oil prices rose on Friday, making up for its loss a day earlier due to weak demand, emerging equity markets woes and trade tensions.

 

At 9:15 am Makkah time, West Texas Intermediate crude (WTI) October futures rose to $68.77 a barrel, gaining 1.5 percent for the week.

 

Global benchmark Brent crude’s November futures edged up 0.06 percent to $78.23 a barrel, with a weekly gain of about 1.8 percent.  

 

The US Energy Information Administration (EIA) on Thursday said that global oil demand rose to a record-high of 100 million barrels a day (mbd) in August.

 

It kept its global oil demand projections for 2018 and 2019 at 1.4 mbd and 1.5 mbd, respectively.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read