Key Points
International crude oil prices settled slightly lower in the previous session after a survey showed deteriorating US consumer sentiment..
Still, prices rose four per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024..
Oil benchmarks slipped after a survey showed US consumer sentiment weakened in June to a seven-month low. ..
Coming to domestic prices, crude oil futures settled 0.05 per cent lower at 6,571 per barrel on the multi-commodity exchange (MCX)...
The US Energy Information Administration (EIA) upgraded its oil demand growth estimate for 2024 slightly, and the Organization of the Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth of 2.2 million barrels a day (bpd)..
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