Oil headed for weekly loss as recession fears cloud demand outlook | Reuters
Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh.
Brent crude futures were down 97 cents, or 1%, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89.59 a barrel, down 91 cents or 1%.
Both benchmark contracts were headed for weekly losses of close to 3%.
A strong dollar has made oil more expensive for holders of other currencies, while Asian and European equities dropped.
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