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Oil prices dip, but remains on track for weekly gains
Aug. 30, 2019
Source: Reuters

Oil prices dip, but remains on track for weekly gains

Oil prices dropped in the international market on Friday, but remained on track for its strongest week since July. Brent crude futures dipped by 0.1%, at $61.01. US WTI CLc1 crude futures slipped 0.2%, to $56.60 a barrel. While gains in oil prices were capped by the worries of economic slowdown due to the U.S.-China trade war and the flow-on to oil demand, declining inventories indicate a balancing market.

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