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Oil up 1 percent in choppy trade, heads for 4 percent weekly gain

Reuters  |  NEW YORK 

By Julia SimonNEW YORK (Reuters) - Oil rose 1 percent on Friday, boosted by a supply interruption in Nigeria and prices were headed for a weekly gain of more than 4 percent on lower U.S. stockpiles, but trading was volatile as global supply remained strong and some were concerned about economic growth prospects. Benchmark Brent and U.S. WTI crude oil contracts were on track for weekly gains of more than 4 percent, 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 54 cents or ...

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First Published: Fri, July 14 2017. 22:05 IST