A view from the oil company Tatneft in Tatarstan, Russia on June 04, 2023.
Oil prices were little changed on Friday, heading for their second straight week of losses as the U.S. central bank left the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply eased.
Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents, or 0.2%, to $82.58 a barrel.
Brent was on track to fall about 4% in the week, while WTI looked set to close down 3.5%.
Meanwhile, the U.S. Federal delivered a "dovish" pause to its rate hikes on Wednesday, while the BoE delivered a "hawkish" pause on Thursday.
Persons:
Brent, WTI, BoE
Organizations:
Brent, U.S, West Texas, Palestinian, U.S . Federal
Locations:
Tatarstan, Russia, Tatneft, U.S, Gaza, Israel, Saudi Arabia