Oil Prices on Track for Weekly Gains Amid Middle East Tensions
Oil prices rose in early Asian trading on Friday, positioning for weekly gains exceeding 1%, as geopolitical tensions in the Middle East continue to influence market sentiment. Brent crude futures increased by 45 cents (0.6%) to $74.83 per barrel, while West Texas Intermediate (WTI) crude futures climbed 43 cents…
Oil prices rose in early Asian trading on Friday, positioning for weekly gains exceeding 1%, as geopolitical tensions in the Middle East continue to influence market sentiment.
Brent crude futures increased by 45 cents (0.6%) to $74.83 per barrel, while West Texas Intermediate (WTI) crude futures climbed 43 cents (0.6%) to $70.62 per barrel.
In the previous trading session, both benchmarks dropped by 58 cents per barrel, reflecting market volatility driven by conflicting expectations over the escalation and de-escalation of tensions in the Middle East.
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Author: nor-eleslam
Oil prices, Brent, WTI, Middle East tensions, market volatility, energy news
