Oil prices declined on Friday, March 16, a day after topping the $85 per barrel-mark for the first time since November, but prices settled almost three per cent higher for the week on higher demand from US refiners and the oil demand projections for 2024 by the International Energy Agency (IEA).
Benchmark Brent crude last traded near $85 a barrel, after advancing 4.3 per cent over the previous two sessions and reaching the highest level since November on Thursday. US West Texas Intermediate (WTI) crude was down 17 cents or 0.21 per cent to $81.09.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates & Live Business News.
Published: 16 Mar 2024, 07:51 PM IST