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Read more about Oil prices retreat, but heads for third weekly rise on demand recovery on Business Standard. Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday
Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. Brent crude LCOc1 futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, .