Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and U.S. weather.
Brent crude futures were down 9 cents at $75.84 a barrel by 1212 GMT after settling on Thursday at the highest level since Oct. 25. U.S. West Texas Intermediate crude dipped by 6 cents to $73.07, with Thursday’s close its highest since Oct. 14, Reuters reported.
Brent was on track for a 2.2% weekly gain while WTI was set for a 3.5% increase.
Signs of Chinese economic fragility heightened expectations of policy measures to boost growth in the world’s top oil importer.
Source:https://www.bna.bh/en/OilsetforweeklygainsoncolderweatherChinesepolicysupport.aspx?cms=q8FmFJgiscL2fwIzON1%2bDrmfsOgVqOEOSvZ91m67Arg%3d