Oil prices head for lowest close since depths of pandemic
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LONDON : Oil prices were heading towards their lowest close since the midst of the coronavirus pandemic in 2021 on Friday, hit by U.S. President Donald Trump's barrage of new tariffs and output increases announced by the OPEC+ producer group. Brent futures plummeted by $2.29, or 3.3 per cent, to $67.85 a barrel by 0948 GMT. U.S. West Texas Intermediate crude futures dived by $2.32, or 3.5 per cent, to $64.63. Both benchmarks were on course for their biggest weekly losses in percentage terms for
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