Brent heads for weekly loss of nearly 8% despite Friday rebound

(UrduPoint / Pakistan Point News / WAM - 20th Jun, 2026) LONDON, 20 June 2026 (WAM) – Oil prices rose on Friday, but Brent crude remained on track for a weekly loss of nearly 8 percent amid continued market volatility.

Brent crude futures gained 66 cents, or 0.8 percent, to US$80.38 a barrel, while US West Texas Intermediate (WTI) crude rose 94 cents, or 1.2 percent, to US$77.54 a barrel.