Oil prices headed for 2% gain
Oil prices headed for 2% gain
Transcript
00:00 Oil prices are headed for a 2% this week due to mainly tightness in the US supply and the
00:05 anticipation of strong demand from China.
00:08 Brent crude went down 14 cents to settle at $92.96, while US West Texas Intermediate fell
00:15 by 9 cents at $91.62 per barrel.
00:20 Experts are now waiting to see if Saudi Arabia might finally decide to ramp up production
00:25 as fuel prices spiked nearly 30% of this quarter.
00:29 (upbeat music)