Crude Oil Prices Drop for First Weekly Decline in Nearly a Month

Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?

Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Brent fell over 5% for the week, while WTI declined more than 4%. However, prolonged shipping disruptions could push prices higher, with JPMorgan and Goldman Sachs flagging upside risks.