Oil prices rose on Friday but were still on track for a second consecutive weekl...
SINGAPORE - Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
But Brent was down 6% on the week while U.S. crude was 5.7%lower, on the biggest weekly losses since July. Weak U.S. services sector and jobs growth data on Thursday added to worries about global oil demand and exacerbated fears that a protracted U.S.-China trade war could push the global economy into a recession.“Given that U.S.
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