Oil prices rose on Friday but ended the week lower, as investors balanced rising global supply expectations with new stimulus from China. Brent crude gained 38 cents (0.53%) to $71.89, and U.S. WTI rose 51 cents (0.75%) to $68.18, though both fell 3-5% over the week. China’s central bank cut interest rates, but concerns over OPEC+ supply increases, starting in December, pressured prices. Libya’s resolution of a central bank dispute is set to boost crude exports, and U.S. Gulf operations resumed after Hurricane Helene. Meanwhile, hurricane damage in Florida could reduce fuel demand, and Middle East tensions may affect global supplies.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website
mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
  • Conference Website
opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website