Brent crude prices changed slightly Friday and are heading towards ending the week stable after gains for three consecutive weeks, as markets evaluate lower US crude stocks and the possibility of halting interest rate increases in exchange for weak Chinese economic data that could limit demand. Brent crude futures rose 63 cents to $80.27 a barrel, while US West Texas Intermediate crude rose 62 cents to $76.27 a barrel. Prices ended Thursday slightly higher, according to CNBC. For the week, Brent crude is heading for a 0.5 per cent rise, while US crude is heading for a 1.1 per cent increase. This means that the two benchmarks continued to rise for the fourth week in a row.
Source: Jordan News Agency