Oil on track for weekly loss even as iran tensions simmer
Oil on track for weekly loss even as iran tensions simmer
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Desk Analysis
How This Affects the Exchange
Sector Effect
Neutral · Watch
Mixed or limited directional signal for Oil & Gas on the PSX.
Sectors & Direction
Desk read
Desk call: Watch · Neutral effect
- Oil & GasNeutral effect
Companies
Mentions in This Briefing
Sectors: Oil & Gas — Neutral · Watch. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Mixed or limited directional signal for Oil & Gas on the PSX.
Full Story
Open on ProfitOil on track for weekly loss even as iran tensions simmer
SINGAPORE: Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report, opens new tab that U.S. President Donald Trump is not interested in returning to previous deal terms with Iran.
Brent crude futures were down 25 cents, or 0.3%, to $89.45 a barrel by 0035 GMT. West Texas Intermediate crude futures fell 22 cents, also 0.3%, to $83.31.
Both benchmarks were poised to end the week lower, with Brent down 5.3% and WTI falling 4.3%.