December 26, 2024

Oil prices head for weekly fall on bets for a ‘looming surplus’, soft China demand

 Oil prices head for weekly fall on bets for a ‘looming surplus’, soft China demand

Oil prices head for weekly fall on bets for a ‘looming surplus’, soft China demand

Oil futures declined on Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China — the world’s largest crude importer — setting prices up to post a loss for the week.