Oil Dips, But Posts Weekly Gain on Solid 2024 Demand Outlook

OIL PRICE - NEW YORK. Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024.

Brent crude futures LCOc1 settled down 13 cents at $82.62 a barrel, while West Texas Intermediate (WTI) U.S. crude futures CLc1 were down 17 cents at $78.54.