Oil prices dip, still set for weekly gains amid Mideast tensions, rate cut hopes
Oil prices dip, still set for weekly gains amid Mideast tensions, rate cut hopes
Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.
Brent crude was down 10 cents, or 0.16%, at $64.35 a barrel by 0458 GMT. The global benchmark jumped 4.3% on Thursday, leaving it set for a weekly gain of nea...