Reported about 1 year ago
Oil prices remained stable on Friday with Brent crude futures at $82.56 a barrel and WTI U.S. crude futures at $78.30, marking nearly a 4% increase for the week. The positive outlook came from projections of strong global oil demand growth by OPEC and solid U.S. fuel demand by Goldman Sachs, although the rally cooled after the U.S. Federal Reserve decided to keep interest rates unchanged. Market focus also shifted to Gaza ceasefire talks and concerns about potential oil supply disruptions from the Israel-Lebanon border.
Source: YAHOO