Oil dips, but heads for third weekly rise on demand recovery


SINGAPORE, June 11 (Reuters): Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs.

Brent crude futures edged down 4 cents, or 0.06%, to US$72.48 a barrel to 0658 GMT, after closing at its highest since May 2019 on Thursday.

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Oil , Prices , Dip , But Weekly , Average , Big Gains

   

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