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Oil Prices Trade Near Flat Ahead of IEA Monthly Report

Oil prices were near flat on Friday in Asia after rising to near four-month highs the previous day.

U.S. Crude Oil WTI Futures was up 0.01% at $58.63 by 10:37 PM ET (02:37 GMT). International Brent Oil Futures edged up 0.1% to $67.27.

Traders’ attention now turns to the International Energy Agency (IEA) for its monthly publication due later today, with analysts expecting it to underline concerns on oil demand.

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