Oil rises, headed for sixth weekly gain, amid supply concerns - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Friday, 28 January 2022

Oil rises, headed for sixth weekly gain, amid supply concerns

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However, prices did reach $91.04 earlier in that session, the highest since October 2014.

from Commodities-Markets-Economic Times
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