Oil futures end higher, but post a loss for the week as Russia-Ukraine conflict remains fluid

Dow Jones2022-03-12

MW Oil futures end higher, but post a loss for the week as Russia-Ukraine conflict remains fluid

Oil futures rose on Friday, as traders weighed ongoing worries about global energy supplies against a move by the U.S. to boost pressure on Russia to halt its assault on Ukraine. The U.S. and its international partners will move to revoke Russia's trade status, which would lead to higher tariffs on Russian goods. West Texas Intermediate crude for April delivery rose $3.31, or 3.1%, to settle at $109.33 a barrel on the New York Mercantile Exchange. For the week, however, prices based on the front-month contract lost roughly 5.5%, according to FactSet data.

-Myra P. Saefong

$(END)$ Dow Jones Newswires

March 11, 2022 14:51 ET (19:51 GMT)

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CharlieHtay
2022-03-14
CharlieHtay
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Saefong</p><p><a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires</p><p>March 11, 2022 14:51 ET (19:51 GMT)</p><p>Copyright (c) 2022 Dow Jones &amp; Company, Inc.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2218243193","content_text":"MW Oil futures end higher, but post a loss for the week as Russia-Ukraine conflict remains fluidOil futures rose on Friday, as traders weighed ongoing worries about global energy supplies against a move by the U.S. to boost pressure on Russia to halt its assault on Ukraine. The U.S. and its international partners will move to revoke Russia's trade status, which would lead to higher tariffs on Russian goods. West Texas Intermediate crude for April delivery  rose $3.31, or 3.1%, to settle at $109.33 a barrel on the New York Mercantile Exchange. 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