Oil Up 1% On Signs of Slow U.S. Output, Posts First Weekly Loss in 8 Weeks

Summary Oil rises 1% on declining U.S. rig count Brent, WTI fall about 2% week-over-week Worsening property crisis in China curbs risk appetite Increasing risk of continuing US interest rate hikes (Reuters) – Oil prices rose about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended their longest weekly … Read more