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2023-06-30 19:42:54
Oil prices closed higher today, Friday, but posted a fourth straight quarterly loss, as investors fear that slowing global economic activity will slash demand for fuel.
Brent crude futures for August delivery, which expires on Friday, rose 56 cents, or 0.8 percent, to settle at $74.90.
In the three months ending at the end of June, the contract ended down 6 percent.
US West Texas Intermediate crude also rose 78 cents, or 1.1 percent, to $70.64 a barrel. It marked the second consecutive quarterly decline, down nearly 6.5 percent in the last three months.
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