Oil Rises But Set for Weekly Drop as Fears of Weaker Demand Limit Gains

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - LONDON. Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China's Covid lockdowns slowing global growth offset concerns about dwindling supplies from Russia.

Brent crude futures were up 85 cents, or 0,8%, at US$ 108,30 a barrel at 0900 GMT. While US West Texas Intermediate (WTI) crude futures climbed 64 cents, or 0,6%, to US$ 106,77 a barrel.