Brent oil hovers above $81 after supply disruptions
newscatcher
2023-07-14 11:37
Brent oil hovers above $81 after supply disruptions
LONDON  – Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria. Both the Brent and U.S. West Texas Intermediate (WTI) contracts had risen for three straight sessions and in early Asian trade on Friday, poised to register a third straight week of gains for the first time since April. On Thursday some oilfields in Libya were shut down because of a local tribe's protest against the kidnapping of a former minister.

https://business.inquirer.net/410314/brent-oil-hovers-above-81-after-supply-disruptions

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