Oil prices edged lower at the end of the week on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand.
Brent crude futures for June fell 37 cents to $62.83 a barrel, while U.S. West Texas Intermediate (WTI) crude for May was at $59.24, down 36 cents.
Both contracts are on track for a two to three percent drop this week but still far from a low of $60.47 hit two weeks ago.
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to email@example.com, send us a message on WhatsApp at 646-874-7976 or Call us at 201-500-7715