Oil futures edge up to $68.69 but close a fourth straight losing week

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Oil futures edge up to $68.69 but close a fourth straight losing week
PrimeXBT Editorial Team
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Oil futures rose 11 cents to $68.69 a barrel but still closed out a fourth consecutive losing week, amid signs that Middle East energy exports were returning to prewar levels. Shares of energy companies ticked up alongside the move.

Oil futures rose 11 cents to $68.69 a barrel, and shares of energy companies ticked up alongside the move.

Prices retreated for the fourth consecutive week amid signs that Middle East energy exports were returning to prewar levels.

The U.S. and Oman are looking for ways to break Iran's insistence on charging tolls for ships passing through the Strait of Hormuz. Leaders in Tehran have yet to signal concessions, despite the U.S. side unfreezing financial assets. Those talks remain a live factor for anyone trading oil.

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