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Oil on Track For Second Consecutive Weekly Rise
Friday, 23 February 2018 20:21 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Crude-oil futures Friday were marginally lower, but looked set to mark a second straight weekly advance, as bullish inventory reports underpinned bullish sentiment.

West Texas Intermediate crude oil for April delivery on the New York Mercantile Exchange” the U.S. benchmark”gave up 5 cents, or less than 0.1%, to trade at $62.73 a barrel. For the week, the U.S. benchmark oil contract was on pace to show a weekly gain of 1.7%, based on last Friday™s close, marking its second weekly increase after a 4.2% five-session gain last week.

The global benchmark”Brent crude”lost 21 cents, or 0.1%, to $66.25 a barrel, but was set for a weekly return of more than 2%.

Source : Marketwatch

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