A Port Authority officer points at the Bavand, one of two stranded Iranian vessels, anchored at the port in Paranagua, Brazil, Thursday, July 25, 2019. ((AP))
Oil prices remain relatively stable and ended on Friday with slight losses, taking them close to where they started the week. Brent crude fell to $63.46 and WTI fell to $56.20 per barrel.
Continuing threats to supply from the Arabian Gulf and huge drawdowns in US crude oil inventories could not dampen doubts over future demand and fears about sluggish growth.
US oil inventories fell by a massive 10.8