There was little change in oil prices today, Friday, but they are heading to record a second consecutive week of losses, with the US Central Bank leaving the door open to possible increases in interest rates in the future.
By 0010 GMT, Brent crude futures rose six cents to $86.91 per barrel, while US West Texas Intermediate crude futures increased 12 cents, or 0.2 percent, to $82.58 per barrel.
The two crude oil standards rose by more than $2 per barrel yesterday, Thursday. Brent is heading to record a decline of about four percent this week, while West Texas Intermediate crude is heading to close down 3.5 percent.
US oil rig count data is expected to be released later today, and will serve as an indicator of future production.
2023-11-03 05:29:22
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