Oil prices extended gains on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China's COVID lockdowns slowing global growth offset concerns about dwindling fuel supplies from Russia, AzVision.az reports citing Reuters.
Brent crude futures were up $1.81, or 1.7%, at $109.26 a barrel at 0403 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed $1.55, or 1.5%, to $107.68 a barrel.
Both benchmark contracts were, however, on track to post declines for the week, with Brent set to drop nearly 3% and WTI nearly 2%.
About us
If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.
Azvision.az ©2014 | All rights reserved
