Oil heads to first weekly loss since April on OPEC+ supply hike prospect

Q: How long will it take to read this news story?

The story "Oil heads to first weekly loss since April on OPEC+ supply hike prospect" has 418 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Oil heads to first weekly loss since April on OPEC+ supply hike prospect" was covered 6 hours ago by The Star, a news publisher based in Malaysia.

Q: How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news. The outlet is headquartered in Malaysia and publishes an average of 53 news stories per day. It's most recent story was published 37 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28922150</li><li>URL: https://shakesandfidget.beamstart.com/news/oil-heads-to-first-weekly-17479844891449</li></ul>

The Star 6h ago

Oil heads to first weekly loss since April on OPEC+ supply hike prospect - The Star

Quick Summary:

SINGAPORE: Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July.

For the week, Brent has fallen 2.3%, and WTI has dropped 2.9%, following two weeks of gains.

The market is also closely watching U.S.-Iranian nuclear negotiations which could determine the future supply of Iranian oil.