Oil set for biggest weekly gain in four months
Supply outages caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway have benefited both Brent and WTI
09 October 2020 - 12:13
London — Oil prices edged up on Friday, setting both benchmark contracts on track for their biggest weekly gains since early June, due to supply outages caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway.
Brent was up 16 US cents at $43.50 a barrel by 7.48am GMT. US West Texas Intermediate (WTI) crude rose 14c to $41.33. Both contracts are on track for gains of about 11% this week, the first weekly rise in three weeks...
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