Oil drifts higher, but crude set for weekly stumble amid worries about rise in supplies
Friday, 13 September 2019 20:11 WIB | ENERGY |Minyak WTIMinyak jenis Brent

Oil futures inched higher Friday, but both U.S. and international benchmark crude were headed for sharp weekly falls as worries about the prospect of rising inventories appeared to overshadow a momentary U.S.-China tariff detente.

West Texas Intermediate crude for October delivery picked up 32 cents, or 0.6%, to $55.41 a barrel on the New York Mercantile Exchange, but was on pace for a 2% weekly decline, according to FactSet data tracking the most-active contract. November Brent crude gained 24 cents, or 0.4%, to $60.60 a barrel on the ICE Futures Europe, but was poised for a weekly drop of 1.6%.

Source: marketwatch

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