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Brent futures little changed after weekly gain
Crude oil futures down 1 cent at 82.61 usd (Il Sole 24 Ore Radiocor) - London, 17 Jun - Brent futures were little changed in cautious trade after a survey on Friday showed weaker US consumer demand and as China's May crude production rose.
Oil prices rose last week despite conflicting signals from OPEC and the IEA, with OPEC reiterating its forecast for robust oil demand growth of over 2 million barrels daily this year, while the International Energy Agency slashed its oil demand growth forecast for 2024 and warned of a looming supply glut.
At 1108 GMT, crude oil futures were down 1 cent at 82.61 dollars a barrel.
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(RADIOCOR) 17-06-24 13:31:22 (0295) 5 NNNN