# Oil gains 1% on hopes of firmer demand

Economy

- 18-05-2024, 13:00
+A -A

INA-source
Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world's top two oil consumers - China and the U.S. - bolstered hopes for higher demand.
Brent settled 71 cents higher, or 0.9%, at $83.98 a barrel. U.S. West Texas Intermediate crude (WTI) gained 83 cents, or 1.1%, to $80.06.
For the week, Brent gained about 1%, while WTI rose 2%.
Source- reuters

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