Oil Inches Lower, Still Logs Weekly Gain - News Summed Up

Oil Inches Lower, Still Logs Weekly Gain


• Oil prices inched lower Friday, halting a three-session winning streak, with OPEC and its allies set to debate a potential increase in crude output in Saudi Arabia over the weekend and some analysts still wary that trade tensions will slow global growth and commodity demand. • West Texas Intermediate futures, the U.S. price benchmark, closed down 0.2% at $62.76 a barrel on the New York Mercantile Exchange. Prices are up 38% for the year, though they are down 5.3% from their April peaks.


Source: Wall Street Journal May 17, 2019 14:37 UTC



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