Production

Oil heads for another weekly gain on demand hopes and shut-ins

Brent and WTI still climbing slowly in afternoon trading in Europe on Friday

Up, up and ... awry? Crude prices were given a lift this week as lockdown measures began to ease in some countries, but significant headwinds mean oil and gas players are not likely to get too inflated, yet (Upstream's cartoon from 8 May 2020)
Up, up and ... awry? Crude prices were given a lift this week as lockdown measures began to ease in some countries, but significant headwinds mean oil and gas players are not likely to get too inflated, yet (Upstream's cartoon from 8 May 2020)Photo: RYTIS DAUKANTAS/UPSTREAM
  • Reuters
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Published 8 May 2020, 11:22Updated 8 May 2020, 11:22