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Oil Updates -- crude heads to first weekly loss since April on OPEC+

image sourced from original article at https://www.arabnews.com/node/2601833/business-economy

Oil prices dropped for a fourth consecutive session on Friday, heading towards their first weekly decline in three weeks due to renewed supply pressure from a potential OPEC+ output hike in July. Brent futures fell 0.5 percent to $64.13 a barrel, while US West Texas Intermediate crude futures lost 0.5 percent to $60.87.

Original article source: https://www.arabnews.com/node/2601833/business-economy
Source Id: 2025-05-727904845

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