Benchmarks End Week Searching for Stronger Support

摘要

Oil futures ended the week on more solid footing than it has in previous weeks, with global benchmark Brent reaching closer to $65 and its Nymex cousin in New York up over $60. The weekly gains are significant as oil prices were reeling from a sell-off that took roughly 9% from their 2018 highs, and concern was growing that a deeper slide was imminent (OD Feb.14'18).