Oil Prices Slide After Streak of Gains

Oil is set to close out the week with a gain, marking the first upside for crude since mid-January.Friday, February 21, 2025 The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains and ICE Brent trending around $76 per barrel. In the United States, rising oil inventories were largely offset by distillate stocks slipping below the 5-year range. Overall, the average February Brent price of $75.50 per barrel is exactly where the current mood lies,…