Saturday, June 07, 2025 | 05:48 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Oil heads for weekly loss as growth fears trump supply tightness

Investors remain concerned that restrictive US monetary policy could herald a recession, and oil has been dragged lower alongside other commodities

oil prices
premium

Bloomberg
Oil was set for a weekly loss after choppy trading in which concerns over a demand-sapping slump clashed with signals of tight supply.

Brent Crude was trading at $112.49 a barrel, on Friday, putting the commodity  on course for a weekly fall of  4 per cent. Prices have swung in a range of more than $16 this week — the biggest since March — as both WTI and Brent briefly dropped below $100.

Investors remain concerned that restrictive US monetary policy could herald a recession, and oil has been dragged lower alongside other commodities.
 
On Friday US employment figures beat