Oil on track for steepest weekly plunge in 3-1/2 months
Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns.
Brent crude futures gained 18 cents, or 0.3%, to $64.29 a barrel by 0000 GMT. U.S. West Texas Intermediate crude climbed by 19 cents, or 0.3%, to $60.67 a barrel.
