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Oil posts 8% weekly loss on potential OPEC+ supply
The Business Guardian
|October 05, 2025
Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ supply.
Brent crude futures closed up 42 cents, or 0.7%, at $64.53 a barrel, while U.S. West Texas Intermediate crude was up 40 cents, or 0.7%, at $60.88.
For the week, Brent fell 8.1%, the largest weekly loss in over three months. WTI tumbled 7.4% in the week.
"The expected increase in OPEC+ production and the Iraq/Kurdish pipeline beginning to flow after being shut in the past two years is keeping sellers present in crude," said Dennis Kissler, senior vice president of trading at BOK Financial.
Dit verhaal komt uit de October 05, 2025-editie van The Business Guardian.
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