KONTAN.CO.ID - TOKYO. Oil prices eased on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25% due to a strike by oilworkers. Brent was down by 8 cents at $43.26 a barrel by 0740 GMT, having gained more than 3% on Thursday. U.S. West Texas Intermediate (WTI) crude dropped 5 cents at $41.14 after also gaining more than 3% on Thursday. Both contracts are on track for gains of around 10% this week - the first rise in three weeks - as prices rallied in response to Norwegian oil workers taking strike action.
Oil heads for weekly gain amid Norwegian supply cut
KONTAN.CO.ID - TOKYO. Oil prices eased on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25% due to a strike by oilworkers. Brent was down by 8 cents at $43.26 a barrel by 0740 GMT, having gained more than 3% on Thursday. U.S. West Texas Intermediate (WTI) crude dropped 5 cents at $41.14 after also gaining more than 3% on Thursday. Both contracts are on track for gains of around 10% this week - the first rise in three weeks - as prices rallied in response to Norwegian oil workers taking strike action.