Markets move
Crude futures fell Brent 26 cents, or 0.3 percent, to $75.37 a barrel by 0209 GMT. US West Texas Intermediate crude rose 35 cents, or 0.5 percent, to $72.01, according to Reuters data.
The two benchmarks rose by about 1 percent yesterday, Thursday.
Over the course of the week, Brent is expected to rise 3.1 percent and West Texas Intermediate crude 4.1 percent.
The National Hurricane Center in the United States said that the hurricane Raphael It is expected to move slowly westward over the Gulf of Mexico, away from US fields, and to weaken from Friday through the weekend. It caused the production of 391,214 barrels per day of crude oil to stop in the United States.
Prices witnessed a correction process today after gaining support yesterday against the backdrop of expectations that management… Trump The upcoming sanctions may tighten Iran And Venezuelawhich may limit supply, although a strong dollar and lower crude imports in China limit gains.
A strong dollar makes oil more expensive for holders of other currencies and tends to put pressure on prices.
Prices were also subjected to downward pressure from data that showed that crude imports in… Chinathe world’s largest oil importer, fell nine percent in October, the sixth month in a row that showed a year-on-year decline, as well as a rise. US crude stocks.