Updated .. Oil prices are recording gains for the third week


direct: Oil prices fell by more than 1 percent when settling trading on Friday, with concerns about the pace of recovery in fuel demand, but it made gains for the third week in a row.

The black gold was negatively affected by the economic activity data in the euro zone, Germany and France that showed Loss of momentum in the expansion of economic activity During the current month, while the performance of the industrial and service sectors in the United States came better than expected.

Data from Baker Hughes also revealed an increase The number of oil drilling platforms In the United States this week.

In a meeting held earlier this week, the OPEC + Ministerial Committee stressed the need for everyone to comply with the agreement to reduce production, but warned of the uncertainty about the epidemic and its implications for demand.

Upon settlement, the price of US NYMEX crude futures for delivery in October decreased by 1.1 percent, recording $ 42.34 a barrel, after hitting the level of $ 41.46 a barrel.

US crude posted a gain of 0.1 percent for the third consecutive week.

By 6:45 pm GMT, the price of Brent crude futures for October delivery was down to $ 44.35 a barrel, down 1.2 percent.


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