Saturday, July 5, 2025
Oil prices rise 2%, but set for weekly loss on demand fears- oil and gas 360

Oil prices rise 2%, but set for weekly loss on demand fears

Reuters NEW YORK  – Updated: Oil rose more than 2% in volatile trading on Friday after a sell-off earlier in the week erased about 7% from prices as a new wave of coronavirus infections across Europe dampened expectations of any imminent recovery in fuel demand. Brent crude was up $1.38 a barrel, or 2.1%, at $64.63 a barrel by 1:12