Oil prices are down on the day but up for the week
US crude stocks fell unexpectedly last week, which, along with Opec+ considering deeper supply cuts, offset a weakening global economy
25 October 2019 - 11:54
London — Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from oil cartel Opec and its allies to trim production further outweighed broader economic concerns.
Brent crude was down 35c at $61.32 by 8.30am GMT but the benchmark was set for a weekly gain of more than 3%. West Texas Intermediate (WTI) crude was down 32c at $55.91 but on track for a gain of about 4% over the week...
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