The price of crude oil edged up in Asian session Friday after falling for the last five sessions.
Light Sweet Crude Oil (WTI) futures for March delivery, edged up $0.22 to $96.58 a barrel. Yesterday, oil ended lower for a fifth session mostly impacted on demand concerns after U.S. oil stockpiles increased more than expected last week, even as the dollar continues to fluctuate against a basket of major currencies.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.