Oil prices move higher, but set for weekly loss amid demand worries

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Oil prices move higher, but set for weekly loss amid demand worries
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Crude prices were rising on Friday for the first session in three as prices consolidated amid continued worries that economic slowdowns will hit demand.

Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into demand.

But... Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into demand. But oil was tracking U.S. equity futures higher on Friday, with gains stemming from one emerging viewpoint that the Fed’s rate hike ambitions will get curtailed by a recession.

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