Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China s demand recovery over-rode recession worries brought by growing crude inventories in the U.S.
LONDON: Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China’s demand recovery overrode recession worries over growing US crude inventories and tightening monetary policy in Europe. Brent crude futures edged up by 4 cents, or 0.05 percent, to $84.79 a barrel by 0936 GMT. US West Texas Intermediate crude futures were up 2 cents, or