Fri, 2022-12-09 13:47
RIYADH : Oil prices were stable on Friday but both benchmarks were headed for a weekly loss on worries over weak economic outlooks in China, Europe and the US weighing on oil demand, according to Reuters.
Brent crude futures were at $76.16 a barrel, up 1 cent, at 0919 GMT. Brent hit a 2022 low this week.
US West Texas Intermediate crude inched up 7 cents to $71.53 a barrel.
The contracts are set for weekly losses of around 10 percent each, their worst weekly drops in percentage terms since August and April, respectively.
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