From Investing.com:

Oil prices edged lower on Friday, but are set to gain over 3% for the week. The International Energy Agency raised its 2024 oil demand forecast, boosting prices. Crude futures dipped to $84.83 a barrel after hitting $85 for the first time since November. Despite this, prices remained range-bound for the last month between $80 to $84. The IEA predicts a supply deficit in 2022 due to Red Sea shipping disruptions. Additionally, Ukrainian strikes on Russian refineries and falling U.S. oil stockpiles supported prices. The U.S. Federal Reserve is unlikely to cut interest rates before June amid economic activity slowdown.



Read more at Investing.com: Oil prices set to end week over 3% higher By Reuters