Oil edges down as demand concerns weigh, heading for weekly fall - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 16 June 2022

Oil edges down as demand concerns weigh, heading for weekly fall

Brent crude futures fell 83 cents, or 0.8%, to $118.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell to $116.79 a barrel, down 80 cents, or 0.7%.If losses hold through the day, Brent crude futures would post their first weekly dip in five weeks, while U.S. crude futures would see their first dip in eight weeks.

from Commodities-Markets-Economic Times
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