ReportedShipping, energy & marketsGlobal oil markets
Brent rises to $99.42 a barrel while heading for a 12% weekly loss
- Mountain Time
- Local time
- 6:05 AM UTC, Nov 6
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $99.42 a barrel, up from Thursday’s close. Both Brent and WTI were still on course for weekly declines of about 12%. The outlet attributed support for prices to reports of tanker attacks and skepticism about prospects for a U.S.-Iran peace agreement.
Why it matters
The rebound raises near-term crude purchasing costs despite the week's sharp decline.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels