Market News

    Oil prices hold losses over supply glut forecasts; US CPI awaited

    il prices were largely steady in Asian trade on Friday but were set for a weekly decline after tumbling nearly 3% in the previous session, as forecasts of a sizeable supply surplus and rising inventories weighed on sentiment.

    As of 21:07 ET (02:07 GMT), Brent Oil Futures expiring in April edged up 0.1% to $67.56 per barrel, while West Texas Intermediate (WTI) crude futures also gained 0.1% to $62.87 per barrel.

    Source : Investing.com