Oil prices ease in holiday trade, market focus on next OPEC+ move


TOKYO: Brent crude futures snapped a three-day rally on Friday in light trade, with many investors away for the holidays, but the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact of the Omicron variant.

Brent crude futures slid 39 cents, or 0.5%, to $76.46 a barrel by 0544 GMT, following a 2.1% gain in the previous session. The benchmark was still on track for a weekly gain of about 4%.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Brent , WTI , Opec+ , LNG

Next In Business News

Malaysia retains competitive edge in global halal industry through Jakim - BMI
Toshifumi Suzuki, father of Japan's convenience stores, dies at 93
Singapore economy beats expectations in Q1 with 6% annual growth, risks ahead
Stocks rise sharply, oil and dollar slip on Middle East peace hopes
Local institutions extend net buying streak to six weeks on Bursa Malaysia
Ringgit opens higher against greenback on improved sentiment
FBM KLCI little changed as oil prices fall below US$100/barrel
Trading ideas: Ann Joo, ADE, Critical, SCIB, OSK, Eonmetall, I-Bhd, Favelle, MSM, Alliance Bank, Farm Fresh, paramount, CSC, Hibiscus, PBA, MSC, JAG, Taliworks
US hits wall on Iran economic sanctions
Energy transition to bolster debt issuance

Others Also Read