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Oil eases as Trump backtracks on imminent Syria strike

Reuters  |  TOKYO 

By Osamu TsukimoriTOKYO (Reuters) - Oil prices edged lower on Friday after U.S. President Donald Trump tempered remarks warning of an imminent missile attack on Syria, but were still set for their biggest weekly gains in more than eight months.NYMEX crude for May delivery was down 16 cents, or 0.2 percent, at $66.91 a barrel at 0632 GMT. For the week, the contract is set to post a gain of nearly 8 percent, following two weeks of declines.London Brent crude was down 18 cents, or 0.2 percent, at $71.84, and is up about 7 percent for the week.Both benchmarks, which have risen about $5 this week, ...

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First Published: Fri, April 13 2018. 12:28 IST