Oil set for biggest weekly drop since October on tariff uncertainty, supply gains

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The Star 2d ago

Oil set for biggest weekly drop since October on tariff uncertainty, supply gains - The Star

Quick Summary:

NEW DELHI: Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S.tariff policy is creating concerns about demand growth at the same time major producers are set to increase output.

Brent futures rose 17 cents, or 0.24%, to $69.63 a barrel by 0315 GMT.U.S.

Some of the downward momentum in prices has eased as the U.S.is looking at steps to halt exports from key OPEC producer Iran.