December 26, 2024

Oil prices head for weekly drop as Middle East fears ease, OPEC+ delays meeting

 Oil prices head for weekly drop as Middle East fears ease, OPEC+ delays meeting

Oil prices head for weekly drop as Middle East fears ease, OPEC+ delays meeting

Oil futures bounced Friday but remained on track for weekly losses after a cease-fire between Israel and Hezbollah and a decision by OPEC+ to postpone an eagerly anticipated meeting.