Oil settled the week with accumulated losses of more than 6%
International benchmarks for crude oil resumed falling on Friday, 3 November 2023 on easing concerns over the impact of the Israel – Hamas conflict on the supply
International benchmarks for crude oil resumed falling on Friday, 3 November 2023 on easing concerns over the impact of the Israel – Hamas conflict on the supply while the US labour market started to cool off. Both Brent and WTI settled down more than 6% on the week.
Brent dropped $1.92 or 2.3% to close at $84.89/barrel.
WTI fell $1.95 or 2.4% to settle at $80.51/barrel.