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Oil futures edge up, end the week lower on slowdown fears

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Oil futures edged higher on Friday but ended the week with a loss on renewed concerns about slowing global demand and after the dollar posted its best week in six months. The market was relatively quiet on Friday, with volume of 575,000 contracts, short of the 200-day average of 597,000 daily contracts traded. U.S. West Texas Intermediate crude futures strengthened 8 cents to settle at $52.72 a barrel but recorded a weekly slump of more than 4 percent, their steepest this year.Brent crude futures gained 39 cents to settle at $62.02. On the week, Brent ...

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First Published: Sat, February 09 2019. 02:40 IST
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