by Matthew V. Veazey
Friday, August 23, 2019
WTI and Brent crude futures declined Friday, however the Brent managed to point out a slight week-on-week enhance.
West Texas Intermediate (WTI) and Brent crude futures declined Friday, however the latter benchmark nonetheless confirmed a slight week-on-week enhance.
The October WTI contract worth misplaced $1.18 Friday to settle at $54.17 per barrel. It peaked at $55.60 and bottomed out at $53.24 in the course of the late-week session. In comparison with the August 16 shut, the WTI is down 1.three p.c.
Brent crude oil for October supply posted a extra modest decline Friday, falling 58 cents to finish the day at $59.34 per barrel. Week-on-week, the Brent is up 1.2 p.c.
“Standard track, new verse,” commented Tom Seng, Assistant…