Oil set for weekly loss

Crude has swung within a US$10 (RM42.73) range this year, with prices caught between concerns of a global slowdown and expectations of recovering oil demand in China after Beijing ditched its rigid zero-Covid policy. — Reuters

OIL heads for a second weekly drop as optimism over a recovery in Chinese demand dimmed and US stockpiles keep rising.

West Texas Intermediate held below US$76 (RM324.71) a barrel, set for a loss of almost 5% this week.

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crudeoil , WTI , US , China , reopening , EU


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