Key Points
(Reuters) Oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and ceasefire talks in Gaza eased worries about supply disruptions...
U.S. West Texas Intermediate (WTI) crude futures were up 4 cents to $73.05 per barrel...
Both benchmarks rose for the first time in five sessions on Thursday on expectations the U.S. Federal Reserve would cut interest rates soon, which helped ease some concerns about the economic outlook of the top oil consumer...
Bullish fundamentals continue to play second fiddle to weakening sentiment, with the oil market unable to shake off its recent bearish tendencies, analysts at consultancy firm FGE said in a note to clients...
They added that a renewed push for a ceasefire in Gaza between Israel and Hamas helped to ease supply worries and in turn weighed on oil prices this week...
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