Oil posts second straight weekly loss as global surplus grows
Oil prices fell for a second consecutive week amid signs of a growing global supply surplus, despite mixed performances for Brent and West Texas Intermediate.
Key Takeaways
AIOil prices recorded losses for the second consecutive week, amid signs of a growing global supply surplus.
Brent crude futures settled up by 2 cents, or 0.02%, at $95.84 per barrel on Friday.
US West Texas Intermediate crude futures fell by 18 cents, or 0.20%, to $88.56 per barrel.