#crudeoil

Oil rises but set for 5 percent weekly drop as Delta variant spreads

Oil rises but set for 5 percent weekly drop as Delta variant spreads

  • Oil prices steadied on Friday, clambering away from three-month lows, but they were still on track for a weekly loss of more than 5 percent
  • Brent crude futures rose 24 cents or 0.4 percent to $66.69 a barrel at 0635 GMT, after dropping 2.6 percent on Thursday to its lowest close since May
By Arab News ·