Oil set for weekly gain as China demand optimism trumps recession fears
By Sudarshan Varadhan and Muyu Xu SINGAPORE (Reuters) -Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China’s demand recovery overrode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. Brent crude futures dipped 18 cents, or 0.2%, to $84.57 a barrel at 0739 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 16 cents, […]