Oil edges up, but on track for biggest weekly loss in over a month
- Posted on October 18, 2024
- By Business News Today
- 2 Views
Oil edges up, but on track for biggest weekly loss in over a month
Crude oil futures edged higher due to a surprise drop in U.S. inventories and Middle East tensions but are on track for their biggest weekly loss in over a month. Concerns over increased supply and lower future demand forecasts have driven prices down, despite geopolitical risks remaining high.
