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Oil drifts higher, but crude set for weekly stumble amid worries about rise in supplies


Friday, 13 September 2019 20:11 WIB

Minyak WTIMinyak jenis Brent


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Oil futures inched higher Friday, but both U.S. and international benchmark crude were headed for sharp weekly falls as worries about the prospect of rising inventories appeared to overshadow a momentary U.S.-China tariff detente.

West Texas Intermediate crude for October delivery picked up 32 cents, or 0.6%, to $55.41 a barrel on the New York Mercantile Exchange, but was on pace for a 2% weekly decline, according to FactSet data tracking the most-active contract. November Brent crude gained 24 cents, or 0.4%, to $60.60 a barrel on the ICE Futures Europe, but was poised for a weekly drop of 1.6%.

Source: marketwatch


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