PERTH — Oil prices fell for a third consecutive session on Friday as U.S.-led efforts for a Russia-Ukraine peace deal raised expectations of increased global oil supplies. Brent crude dropped 71 cents, or 1.12%, to $62.67 a barrel, while U.S. West Texas Intermediate crude fell 71 cents, or 1.20%, to $58.29 a barrel. Read More: […]
global supply
Oil edges up but set for second week of losses
SINGAPORE: Oil prices rose slightly on Friday after three days of declines, as markets remained cautious over excess supply and slowing demand in the U.S., though Brent and WTI are on track for a second consecutive week of losses. Brent crude futures increased 21 cents, or 0.33%, to $63.59 a barrel, while U.S. West Texas […]