Oil Heads for Solid Weekly Gain as Russia to Extend Export Cuts bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Crude oil prices appear underpinned going into the end of the week with the market spooked by possible production cuts from Moscow and dwindling US inventory. Where to for WTI?
(Bloomberg) Oil headed for the biggest weekly gain since early April after Russia signaled it would extend export curbs and US inventories fell further.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cost Cuts After $29 Billion Credit Suisse Windf
Oil prices rose on Friday and were set for a weekly gain after Russia signaled that it would extend export curbs. A weaker dollar, improved manufacturing data from China and Europe along with signs of more stimulus from Beijing also supported prices, heading into the weekend.