ReportedShipping, energy & marketsGlobal oil markets
Brent trades at $105.48 as oil prices head for a weekly gain
- Mountain Time
- Local time
- 5:30 AM UTC, Oct 16
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $105.48 a barrel and West Texas Intermediate at $97.40 on Friday. Both benchmarks were below their highs earlier in the week but above the previous Friday's levels, as disruption to Hormuz shipping supported prices.
Why it matters
Crude buyers face prices above last Friday's levels despite the retreat from this week's highs.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels