Oil rises but post weekly loss as economic uncertainty weighs | Reuters
Oil prices edged higher on Friday on strong economic data in the euro zone and Britain, but futures fell for the week as interest rate and demand uncertainty weighed.
Brent futures settled up 56 cents at $81.66 per barrel. U.S. West Texas Intermediate crude (WTI) rose 50 cents to $77.87 per barrel.
Brent posted a weekly loss of 5.4%, while WTI fell 5.6%.
Both crude benchmarks slid by more than 2% on Thursday - to their lowest since the unexpected announcement in early April of production cuts by some OPEC countries - on recession fears and swelling U.S. gasoline inventories.
