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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.

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

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