Published
By Reuters
Singapore – Oil markets
edged up on Friday, recovering some of the previous day’s losses, as analysts
pointed to signs of a tightening market.
Brent crude futures,
the international benchmark for oil prices, were at $57.31 at 0027 GMT, up 8
cents, or 0.1 percent, from their last close.
US West Texas
Intermediate (WTI) crude futures were at $51.41 per barrel, up 12 cents, or 0.2
percent.
The slightly higher
prices came after bigger falls in the previous session, which market watchers
put down to profit-taking following four days of straight gains, as well as the
notion that the risks to supplies due to fighting between Iraqi government
forces and Kurdish militia were overblown.
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