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Oil prices set for fourth straight week of gains

Reuters  |  LONDON 

By Ahmad GhaddarLONDON (Reuters) - Oil prices eased from three-year highs on Friday but were still on track to end the week higher for a fourth week in a row.Brent crude futures traded 15 cents lower at $69.11 a barrel at 1011 GMT. The contract broke above $70 a barrel on Thursday for the first time since December 2014.U.S. West Texas Intermediate (WTI) crude futures were at $63.45 a barrel, down 35 cents. WTI the day before rose to its strongest since late 2014 at $64.77."It is remarkable to see that most market analysts believe that prices have rallied too far since consensus forecasts is ...

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First Published: Fri, January 12 2018. 16:29 IST
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