Oil on track for biggest weekly drop since June amid lacklustre demand BY TRADELINECOMMODITY.COM CALL/WHATSAPP KHUSHBU GARG-9719098555/8057445599 www.tradelinecommodity.com
Oil futures dropped on Friday, with prices on both sides of the Atlantic heading for their biggest weekly declines since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar.
Brent crude (LCOc1) fell 33 cents, or, 0.8% to $43.74 a barrel by 0630 GMT. The international benchmark contract has fallen 2.9% so far this week.
U.S. West Texas Intermediate (WTI) crude (CLc1) futures were down 35 cents or, 0.9% to $41.02 a barrel, and set for the first weekly drop in five weeks.
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