Oil prices dip, set for weekly gain of over 3%


Brent crude oil futures slid 9 cents or 0.11% to US$85.33 a barrel at 12:16 p.m. CDT (1716 GMT). US West Texas Intermediate (WTI) crude was down 17 cents or 0.21% to US$81.09.

HOUSTON: Oil prices dipped on Friday, a day after topping US$85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from US refiners completing planned overhauls.

Brent crude oil futures slid 9 cents or 0.11% to US$85.33 a barrel at 12:16 p.m. CDT (1716 GMT). US West Texas Intermediate (WTI) crude was down 17 cents or 0.21% to US$81.09.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Malaysia's manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth - S&P Global
DBS quarterly results trounce forecasts, another record year expected
Ringgit opens slightly lower against US$ as Fed leaves rate unchanged
F&N sees strong consumer demand
Soft start on Bursa following Fed comments
Oil falls to 7-week low on surprise US storage build
S&P 500, Nasdaq end lower after Fed rate decision
Trading ideas: Duopharma, Bursa Malaysia, SEGi, Capital A, Rimbunan Sawit, Tasco, Atrium REIT, KSL, GUH, Mentiga and F&N
Japan’s factory activity shrinks at a slower pace
AirAsia can withstand rising oil prices, says Fernandes

Others Also Read