You are here: Home » Reuters » News
Business Standard

Oil dips but still on track for biggest weekly gain since July

Reuters  |  LONDON 

By Shadia NasrallaLONDON (Reuters) - Oil prices slipped slightly on Friday but were still heading for their largest weekly gain since July after U.S. President Donald Trump's comments about possible military action in Syria and reports of dwindling global oil stocks.Erasing earlier gains, Brent crude was down 9 cents at $71.93 a barrel by 1219 GMT, barely denting weekly gains of about 7 percent, or around $4.50.U.S. crude for May delivery fell 7 cents to $67, too little to derail the contract's path to a weekly jump of nearly 8 percent, or about $5."You have to put today's moves in the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, April 13 2018. 17:56 IST