Oil futures rose on Friday, with U.S. prices posting a sixth-consecutive weekly rise as the Russia-Ukraine crisis continued to put already tight global oil supplies at risk. Oil prices, however, settled below the day’s best levels. With the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, due to meet next week and set to authorize another 400,000 barrel-per-day monthly output increase, “there must be ongoing disquiet that if prices continue their current trajectory, demand could well get choked off,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for March delivery CLH22,
Source: Marketwatch
