Oil heads for 7th weekly loss with supply surplus, weak China demand
Friday, 8 December 2023 Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output cuts. Brent crude futures were up $1.93, or 2.6%, at $75.98 a barrel at 0913 GMT, while US West Texas Intermediate crude futures were up $1.82, or 2.6%, to $71.16 a barrel. Brent had earlier risen by $2.
US Setting Historic , Oil Production Record.
A recent report revealed that the United States
is currently on track to produce more oil
than any other country in history. .
CNN reports that the news..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 8 December 2023
![US Setting Historic Oil Production Record [Video]](https://video.newsserve.net/300/v/20231222/1362575548-US-Setting-Historic-Oil-Production-Record.jpg)
