Oil prices edged lower on Friday (15th March 2024) but were on track to gain over three percent for the week, boosted by the International Energy Agency (IEA) raising its 2024 oil demand forecasts and an unexpected decline in U.S. stockpiles.

   

In intra-day trade, Brent crude was trading at 84 dollars and 84 cents per barrel. West Texas Intermediate crude price was at 80 dollars and 68 cents per barrel when reports last came in.