Both crude benchmarks posted weekly losses of around 10 percent each. It was the biggest weekly decline since April for the U.S. WTI futures, and since early August for Brent. WTI set a new 2022 low on Friday of last week U.S. West Texas Intermediate (WTI) crude settled 44 cents lower at $71.02\/bbl, a new low for 2022. Brent crude settled five cents lower at US$76.10\/bbl. Oil prices did find some support and rose more than one percent earlier in Friday\u2019s trading session after Russian President Vladimir Putin said the country could cut output in response to a price cap on its crude oil exports.<\/p>\n\n\n\n
Both crude benchmarks posted weekly losses of around 10 percent each<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-8147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n