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Oil Prices Set for Second Consecutive Weekly Decline

Oil Prices Set for Second Consecutive Weekly Decline

Crude oil prices looked set for their second consecutive weekly decline since the start of the year despite staging a partial recovery in anticipation of President Trump’s imposition of tariffs on the biggest crude suppliers to the U.S. this weekend. At the time of writing, Brent crude was trading at $77.48 per barrel with West Texas Intermediate at $73.39 per barrel, both up from opening in Asia. Even with two consecutive weekly losses, crude oil is set for a monthly gain, with Reuters estimating that at 3.6% for Brent crude—the highest…

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