Oil set for biggest weekly loss since June
Middle distillates inventories in Singapore have soared above a nine-year high, official data shows
London — Oil held at about $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the Covid-19 pandemic.
A US government report showed domestic petrol demand fell in the latest week. Middle distillates inventories at Asia's oil hub Singapore have soared above a nine-year high, official data showed...