NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving Opec, but rose for the week on positive US economic news and worries Houthi ship attacks would boost supply costs.
Brent futures fell 32 cents, or 0.4%, to settle at US$79.07 a barrel, while US West Texas Intermediate (WTI) crude fell 33 cents, or 0.5%, to settle at US$73.56.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!