Brent undergoes modest retreat to under $87/b

30.01.2023

Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand.

Brent futures settled down 81 cents, or 0.9%, at $86.66 per...