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⭕️ Oil prices dip, set for nearly 3% weekly loss amid IEA glut forecast

 ⭕️ Oil prices dip, set for nearly 3% weekly loss amid IEA glut forecast

Oil prices slipped on Friday, on track for a nearly 3% weekly decline, after the IEA predicted a growing supply glut and US President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine.

Brent crude futures fell 15 cents, or 0.25%, to $60.91 a barrel at 11:40 GMT, while US West Texas Intermediate futures were down 8 cents, or 0.14%, at $57.38.

“Now that the two leaders are expected to meet, it could be a sign that the US’s stance on Russia may ease. If so, that should push prices lower,” said Tamas Varga, analyst at PVM.

TheMcgwire

Found of The Daily Psyop. Passionate about Foreign Policy. Have been actively involved in Independent Media since 2019.

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