Singapore February 7 2025: Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S. President Donald Trump’s renewed trade war on China and threats of tariff hikes on other countries.
Brent crude futures rose 32 cents to $74.61 a barrel by 0500 GMT, but were poised to fall 2.8% this week. Meanwhile, U.S. West Texas Intermediate crude was up 24 cents at $70.85 a barrel, down about 2.3% on a weekly basis.
