YGRN - Weekly Energy Recap: OPEC And IEA Fail To Factor In Global Oil Supply Threat
Oil prices recorded their first weekly gain in two weeks, driven higher by unrest in Iraq and Ecuador, as well as by optimism over talks between the US and China aimed at ending their trade war.
The attack on an Iranian oil tanker off the coast of Jeddah overshadowed the latest hints from OPEC about the possibility of making deeper output.
Brent crude finished the week at $60.51 per barrel, while the US WTI measure also advanced to $54.70 per barrel.
Supply disruptions originating from US sanctions on Iran and Venezuela continued to make for