Oil declines but set for third weekly rise
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
Brent was down 7 cents at $66.47 a barrel by 0954 GMT, equivalent to a weekly rise of around 2 per cent.
US West Texas Intermediate crude was down 10 cents at $61.08 per barrel, a gain of around 1.5 per cent on the week.
Progress in a long-running trade dispute between the United States and China, the world’s two biggest oil consumers, has boosted expectations for higher energy demand next year.
