Crude oil ends week little changed as traders keep eye on Iran
West Texas Intermediate oil futures eased slightly on Friday ahead of a potential deal between Iran and the West that could lift sanctions on Iran and result in the addition of more oil to the global market.
August crude lost 0.1% to settle at US$59.63 a barrel on the New York Mercantile Exchange.
The contract fell 0.6% for the week but compared with the July contract which expired last Friday prices saw a weekly gain of 2 cents.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment