Saturday, August 1, 2026
Oil ticks up, but set for third week of losses over demand concerns- oil and gas 360

Oil ticks up, but set for third week of losses over demand concerns

Nasdaq Oil prices rose slightly in Asian morning trade on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude LCOc1 rose 30 cents, or 0.4%, to $72.80 a barrel at 0250 GMT, while U.S. West Texas Intermediate CLc1 was up 30 cents, or 0.4%,