By Srinivas Chowdary Sunkara // petrobazaar // 21st April, 2023.
Brent oil futures prices for June delivery edged up 16 cents or 0.197 pct to $81.26 a barrel while WTI oil June futures prices rose 15 cents or 0.194% to $77.52 a barrel on Friday at the time of reporting. Asian markets opened in red, Continuing bearish sentiment from previous two sessions. Both the benchmarks prices are tumbled for third session on recession fears fueled by expected increase in interest rates amid gloomy economic outlook and falling product demand. Oil markets are set to log in weekly loss. Rig numbers are awaited. Oil longs are disappointed still holding on bullish backdrop.
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