Oil crawls higher on supply doubts, but set for sharp weekly decline
Oil prices clawed back some losses on Friday but were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.
Brent crude futures inched up 11 cents to $109.44 a barrel at 0149 GMT after dropping 1.6% in the previous session. U.S. West Texas Intermediate (WTI) crude futures climbed 46 cents, or 0.4%, to $106.48 a barrel, following a 2.5% decline on Thursday.
