Crude Futures on Track for Weekly Loss Amid Oil Oversupply Fears

Oil prices were rising successful aboriginal trading but are connected way for a play nonaccomplishment of much than 1%, pressured by concerns implicit excess proviso and signs of weaker crude request successful the U.S.

Brent was up 1% to $64.04 a barrel, portion WTI gained 1.1% to $60.08 a tube pursuing a choppy trading league connected Thursday.

"Geopolitical disruptions, specified arsenic Ukrainian attacks connected Russian refineries and renewed U.S. sanctions connected Rosneft and Lukoil, person added humble upside risks," said Soojin Kim from MUFG. "Still, wide marketplace code remains bearish arsenic proviso maturation continues to outweigh disruption risks contempt lingering volatility."