Oil Prices Inch up as Market Evaluates Supply Risks

Oil prices inch up as market evaluates supply risks

Oil prices rose slightly today as market participants weighed concerns about supply risks, though the chances of a US strike on Iran have receded.

Oil prices rise 1% as supply risks remain in focus

LONDON: Oil prices rose over 1% on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude was up 84 cents, or 1.3%, to $64.60 a barrel at 1413 GMT, on course for a fourth consecutive weekly gain. U.S. West Texas Intermediate was up 80 cents, or 1.4%, to $59.99. At those levels, Brent was on course for a 2% weekly gain and WTI for a 1.4% gain. Brent was up a little more than $1…

Oil prices edge higher as supply risks remain in focus

Underlying balance still points to ‍ample supply, says Phillip Nova ‍analyst

Oil Prices Edge Higher as Supply Risks Remain in Focus - Energy News, Top Headlines, Commentaries, Features & Events

Summary Benchmark prices hit multi-month highs this week Significant price volatility remains likely, say BMI analysts Underlying balance still points to ample supply, says Phillip Nova analyst (Reuters) – Oil prices rose slightly on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude gained ...