Oil markets ease after three days of gains

Girgijen Labarai July 27, 2018

Author:

Reuters

article author:

ID:

1532674498087980500

Fri, 2018-07-27 06:48

TOKYO: Oil prices edged lower on Friday in quiet trading after three days of gains, but took support from Saudi Arabia halting crude transport through a key shipping lane, falling US inventories and easing trade tensions between Washington and Europe.
Brent futures were down 5 cents at $74.49 a barrel by 0319 GMT, after gaining 0.8 percent on Thursday. They are heading for a near 2 percent gain this week, the first weekly increase in four.