Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency.
Still, analysts cautioned that a large glut of oil remained, with Goldman Sachs warning that U.S. crude could saturate storage in the coming months.
U.S. crude futures were trading at 38.64 dollars a barrel, up 80 cents from their last close, having hit a 2016 high of 38.96 dollars earlier in the day.
Brent crude futures were at 40.65 dollars a barrel, up 60 cents, and on track for their third weekly gain in a row.
“We expect a decision next week on imposing sanctions on these three,” said one EU diplomat.
He stressed that EU foreign ministers are not expected to decide on Monday but that a decision could come later in the week. (Reuters/NAN)
Hmmm.... I just dey observe!
ReplyDeleteNice one..
DeleteGood to know
ReplyDeleteIs ok.
ReplyDeleteYay!
ReplyDeleteIt is well
ReplyDeleteNa dem sabi
ReplyDeleteThis your report doesn't make any sense.
ReplyDeleteSanction who for what now?
Hmm
ReplyDeleteAnd to think It was less than 30$ per barrel few weeks ago.
Well...
I hope it keeps increasing.
ReplyDelete