Oil rises in session, but has weekly loss on trade worries | Reuters:
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.
U.S. crude declined for the seventh consecutive week, and global benchmark Brent was dropped for a third week.
“One of the biggest concerns out there is that China’s demand numbers are coming down if China’s GDP growth is slowing,” said Tariq Zahir, managing member at Tyche Capital in New York.
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