Oil Prices Head for Weekly Loss as Saudi Export Fears Ease | HappeningNow.news

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Oil Prices Head for Weekly Loss as Saudi Export Fears Ease

What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Crude oil prices were on course for a weekly decline after a three-week series of…

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Crude oil prices are set to end the week lower after three consecutive weeks of gains. Traders had been worried that Saudi Arabia might struggle to keep exporting oil, but those concerns eased following reports of ship‑to‑ship transfers occurring in the Gulf of Oman. The easing of export‑supply fears is the primary factor behind the anticipated weekly decline.

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