Oil dips but heads for weekly gain despite U.S. downturn fears
Written by Black Hot Fire Network on February 10, 2023
Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees "more bullish than bearish factors" for the market going forward.
Ian Tuttle | Bloomberg | Getty Images
Oil prices fell in early trade on Friday but were headed for a weekly gain with the market continuing to seesaw between fears of a recession hitting the United States and hopes for strong fuel demand recovery in China, the world's top oil importer.
