Oil Prices End Week Higher on Geopolitical Tensions and Fed Easing

Crude oil futures are on track to close higher this week, bolstered by renewed geopolitical tensions, a bullish U.S. inventory report, and monetary easing by the Federal Reserve. But gains have been tempered by persistent concerns around U.S. economic softness and signs of weak fuel demand. As of Thursday’s close, light crude was up 1.40% on the week at $63.21, with one trading session remaining. This week’s price action is driven almost entirely by shifting fundamental forces, with market participants weighing conflicting cues from…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com