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Oil edges up in choppy trade on signs of higher demand

Reuters  |  LONDON 

By Libby GeorgeLONDON (Reuters) - Oil prices edged higher in volatile trading on Friday as signs of strengthening demand was offset by still-high global stocks and concerns about economic growth. Benchmark Brent and U.S. WTI crude oil contracts were on track for weekly gains, but fluctuated between intraday gains to losses amid conflicting signals on the supply/demand picture. Brent crude futures, the international benchmark for oil, were up 48 cents at $48.90 per barrel at 1338 GMT, after trading as much as 64 cents higher and 27 cents lower. U.S. West Texas Intermediate (WTI) crude futures ...

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First Published: Fri, July 14 2017. 19:21 IST