Oil prices mixed on stimulus vs demand destruction
As global oil demand drops due to Covid-19, Brent is on track for its fifth consecutive weekly fall
London — Oil prices were mixed on Friday as the market weighed the potential benefits of stimulus efforts by policymakers around the world against demand destruction caused by fallout from the rapid spread of the coronavirus.
Brent crude was on track for its fifth consecutive weekly drop. By 9.22am GMT, it was down 40c, or 1.5%, at $25.94 a barrel. US crude was up 11c, or 0.5%, at $22.71...