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Oil prices rebound, eyes first weekly gain in three weeks
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Oil prices rebound, eyes first weekly gain in three weeks
Muscat: Oil markets regained some ground on Friday following a sharp sell-off a day earlier, as investors continued to monitor developments surrounding Iran and maritime traffic through the strategic Strait of Hormuz. Brent crude futures rose by 33 cents, or 0.35 per cent, to reach $95.36 a barrel after settling 2.84 per cent lower in the previous session. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures gained 2 cents, or 0.02 per ce…
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