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Oil posts worst week since April, snaps 6-week winning streak


Saturday, 13 June 2020 01:47 WIB

Minyak WTIMinyak MentahMinyak Brent


Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.

West Texas Intermediate settled 8 cents lower at $36.26 per barrel, while Brent crude gained 18 cents to settle at $38.73.

The oil benchmarks were heading for weekly declines of around 8%, their first after six weeks of gains that have lifted prices off April lows.

Fears that the coronavirus pandemic may be far from over has brought the rally to a halt, with about half a dozen U.S. states reporting spikes in new infections.

Source : Reuters


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