Oil prices increase slightly, yet set to record largest weekly decline in more than a month – Reuters

Oil prices increase slightly, yet set to record largest weekly decline in more than a month – Reuters

By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were on track for their largest weekly decline in over a month due to concerns of reduced demand. Crude futures climbed 16 cents, or 0.2%, to $74.61 … Read more