Brent oil edges up due to supply cuts and Middle East tensions
However, both Brent and WTI benchmarks are set for their biggest weekly falls in five weeks
05 July 2019 - 13:19
London — US benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by oil cartel Opec and its allies to extend a supply cut deal until next year.
US West Texas Intermediate (WTI) crude futures were down $0.48 at $56.86 a barrel by 10.13am GMT. There was no settlement price on Thursday because of the Independence Day holiday in the US...
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