Oil holds steady around 3-month lows

PTVPhilippines
PTVPhilippines
  • 4 months ago
Oil holds steady around 3-month lows
Transcript
00:00Oil prices remain stable, but we're seeing posting weekly losses due to persistent worries
00:06that sticky inflation may prolong higher interest rates and reduce fuel demand.
00:10Brent crude futures went down to 25 cents to settle at $81.11 per barrel, while the
00:16U.S. West Texas Intermediate declined to 21 cents to $76.66.
00:23Both benchmarks were close to multi-month lows.
00:27U.S. WTI futures closed at its lowest level since February 23, and Brent closing at its
00:33weakest since February 7.

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