Brent crude prices trade near $79 a barrel on Friday after falling earlier in the week, according to NDTV. The outlet reports that Brent is down more than 9% for the week. West Texas Intermediate (WTI) is also reported to be weaker, trading near $75. The move is linked to the resumption of oil flows from the Gulf region, which eases supply constraints that had supported higher prices previously. While the immediate focus is on the day’s price action—Brent hovering around the $79 level and WTI around $75—attention also remains on the broader weekly trend, with both benchmarks recording substantial declines. The information reflects market pricing at the time of reporting and does not cite additional drivers such as changes in demand expectations, broader macroeconomic data, or specific production decisions beyond the Gulf flow update.
Brent crude hovers near $79 as weekly losses deepen after Gulf oil flows resume
Brent crude prices trade near $79 a barrel on Friday after falling earlier in the week, according to NDTV. The outlet reports that Brent is down more than 9% for the week. West Texas Intermediate (WTI...
- Brent crude trades near $79 per barrel on Friday.
- Brent is down more than 9% for the week.
- WTI trades near $75 per barrel.
- The resumption of Gulf oil flows is cited as a factor affecting prices.
- Both benchmarks decline over the week in the reported trading period.
Brent crude fell towards $79 a barrel on Friday and was down more than 9% for the week, while West Texas Intermediate traded near $75.
2 months agoBrent crude fell towards $79 a barrel on Friday and was down more than 9% for the week, while West Texas Intermediate traded near $75.
2 months ago
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