Oil is up marginally for the day but down for a second week
Slowing global growth fears send oil prices down with Brent and US crude down about 6% for the week
04 October 2019 - 14:50
Singapore — Oil prices rose on Friday but remained on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Benchmark Brent crude rose 42c, or 0.7%, to $58.13 a barrel by 11.46am GMT. US West Texas Intermediate (WTI) crude rose 10c, or 0.2%, to $52.55. However, Brent was down 6.1% on the week while US crude had lost 6%, representing the biggest weekly losses since July...
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