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Brent futures slightly higher but set for 3rd weekly drop
Crude oil futures up 36 cents at 80.23 usd (Il Sole 24 Ore Radiocor) - London, 07 Jun - Brent futures were slightly higher, as oil prices rebounded from recent losses but were still on track for a third straight weekly drop after last Sunday OPEC+ left room for voluntary cuts from eight members to be gradually unwound beginning in October.
Growing expectations that the US Federal Reserve will start cutting interest rates in the fourth quarter of the year helped cap the losses.
At 1110 GMT crude oil futures were up 36 cents at 80.23 dollars a barrel.
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(RADIOCOR) 07-06-24 13:40:11 (0339) 5 NNNN