Oil prices will likely steady this week as renewed fears of supply disruption from the Middle East and North Africa are offset by signs of an economic slowdown in the developed world.
U.S. crude futures on Friday settled lower at USD 100.22 a barrel, taking the weekly loss to 0.36%, after volatile trading, as a grim May employment report weighed on prices but the weak dollar and Middle East violence helped limit losses.
Read the Story: Oil prices to stabilize as geopolitics offset weaker data
U.S. crude futures on Friday settled lower at USD 100.22 a barrel, taking the weekly loss to 0.36%, after volatile trading, as a grim May employment report weighed on prices but the weak dollar and Middle East violence helped limit losses.
Read the Story: Oil prices to stabilize as geopolitics offset weaker data
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