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LONDON:Oil prices rose on Friday and were on track for a weekly increase as geopolitical tensions over Iran remained unresolved, although flagging prospects for global economic growth amid the US-China trade war capped gains.Brent crude futures were up $0.34 at $63.73 per barrel at 1117 GMT, equivalent to a weekly rise of 2%. They fell 6% last week.US West Texas Intermediate crude was $0.4 higher at $56.42 a barrel, a weekly gain of 1.3%. It fell 7.5% last week.Tensions air force one homme (https://www.airforceone.fr) remained high around the Strait of Hormuz, the world's most important oil passageway nike air max plus 3 (https://www.airmaxplus.it) , as Iran refused to release a British-flagged tanker it seized last week in the Gulf.Denmark welcomed on Thursday the British government's proposal for a European-led naval missio air max (https://www.airmaxplus.us) n to ensure safe shipping through the strait and would consider a military maritime contribution.The United States is separately working on a multinational maritime security initiative in the Gulf.However, oil prices' reaction to the strains in the Gulf has bee Tapl Restoration of leprosy ward at LRH demanded
LONDON:Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling US oil inventories.Brent crude futures for March rose $0.23, or 0.4%, to $55.76 a barrel by 1007 GMT. Brent March contract expires on Friday. The more active Apr aj1 (https://www.nikeairjordan.fr) il contract was up $0.27, or 0.5%, at $55.37.US West Texas Intermediate (WTI) crude futures rose $0.07, or 0.1%, to $52.41. ldquo Restrictions on the demand side because of lockdowns are countered by a sufficient reduction in supply ... preventing prices from falling or rising to any significant extent, rdquo said Commerzbank analyst Carsten Fritsch.Saudi Arabia is set to cut output by 1 million barre adidas originals hamburg (https://www.adidas-originals.es) ls per day (bpd) in February and March. Compliance with output curbs by the Organisation of the Petroleum Exporting Countries and allies, together known as OPEC+, has improved air force 3 (https://www.af1.it) in January.A 9.9-million-barrel drawdown in US oil inventori