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Oil heads for biggest weekly gain since July

Reuters  |  LONDON 

By Shadia NasrallaLONDON (Reuters) - Oil prices edged higher on Friday, heading for their largest weekly gain since July after U.S. President Trump's comments about possible military action in Syria and reports of dwindling global oil stocks.Brent crude rose by 44 cents to $72.46 a barrel at 0821 GMT, up about 8 percent on the week.NYMEX crude for May delivery gained 45 cents to $67.52, putting the contract on track for a weekly jump of nearly 9 percent.Both benchmarks hit their highest since late 2014 on Wednesday after Trump warned that missiles "will be coming" in response to a suspected ...

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First Published: Fri, April 13 2018. 14:47 IST
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