Brent Crude Slips Towards $61/Barrel as Supply Concerns Weigh on Market Amid Supply Glut
Oil prices dipped on Friday and appear set for a weekly decline as traders focused on signs of a widening supply glut and the potential for a Russia-Ukraine peace agreement. Brent crude slipped 19 cents, or 0.31%, to $61.09 per barrel by late morning trading. U.S. West Texas Intermediate fell 15 cents, or 0.26%, to…