Brent crude oil final price hit $ 64.85 on Friday and the price of the US WTI index price was $ 58.54.
Brent crude oil final price hit $ 64.62 on Thursday and the price of the US WTI index price was $ 58.52, according to Reuters.
Oil prices stabilized on Friday as China’s economic growth slowed. It caused to raise concerns about future fuel demand and thwarted the optimism about signing a trade agreement with the United States.
Margaret Ying, an analyst at the MSC Markets Institute, said the increase in negative economic pressure is likely to limit oil price growth over the medterm to long term.
