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Headline : Crude Oil Drops Despite Possible Supply, Hurricane Worries

Read more from the original article on here at businesspost.ng.





Tags : #crude #oil #drops #despite #possible #supply #hurricane #worries


No. of Paragraph 76

Crude oil settled lower on Friday as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida.

Brent crude oil futures went down by 36 cents or 0.45 per cent to $79.04 a barrel and the US West Texas Intermediate (WTI) crude futures shrank by 29 cents 0.38 per cent to $75.56 per barrel.

For the week, however, both benchmarks rose by more than 1 per cent.

Market analysts warned that development over Israel continue to hold over the market even after weeks since Iran’s massive missile attack.

Read more from the original article on here at businesspost.ng.


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