Tokyo — Oil prices edged lower on Friday after US President Donald Trump tempered remarks warning of an imminent missile attack on Syria, but were still set for their biggest weekly gains in more than eight months. Nymex crude for May delivery was down 21c, or 0.3%, at $66.86 a barrel at 3.29am GMT. For the week, the contract is set to post a gain of nearly 8%, following two weeks of declines. London Brent crude was down 24c, or 0.3%, at $71.78, and is up about 7% for the week. Both benchmarks are set for their biggest weekly gains since last July after surging to a more than three-year high earlier in the week on tensions over Syria and shrinking global oil inventories. "This last jump of $5 or so is because of the geopolitical situation caused by the situation in Syria," said Tony Nunan, senior oil risk manager at Mitsubishi in Tokyo. "It looks like Trump backed off a little bit and wants to build a coalition, sending a signal to the broader market that he is going to be much more...
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