Monday, March 17, 2025 | 01:46 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Oil headed for a 4th straight weekly gain, longest streak since October

Brent crude futures ro­se $1.16, or 1.4 per cent, to a two-and-a-half month high of $85.63 a barrel at 1125 GM

(Photo: Bloomberg)
Premium

Photo: Bloomberg

Agencies
Oil futures rose on Friday on course for a fourth wee­kly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to relea­se crude reserves around the Lunar New Year.
 
Brent crude futures ro­se $1.16, or 1.4 per cent, to a two-and-a-half month high of $85.63 a barrel at 1125 GMT. US West Texas Inter­mediate crude gained $1.06, or 1.3 per cent, to $83.18.
 
Crude prices turned positive as the dollar hea­ded towards what could be its largest weekly fall in more than a year. A weaker dollar makes commodities more affordable

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in