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Oil Prices Set For Fourth Consecutive Weekly Gain As Supply Tightens
Oil prices were up slightly in Asian trading early on Friday and set for a small weekly gain, the fourth in a row, as the market is starting to see signs of tightening supply. WTI Crude was up by 0.91% at 76.34 in Asian trading, while the international benchmark, Brent Crude, traded 0.88% higher at $80.34. Both benchmarks were on course to finish the week higher. However, gains have been limited, after China reported early this week second-quarter GDP growth below expectations. But the market is now more optimistic that China will roll out…
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