Oil prices dip but set for solid weekly gains
Oil took a breather on Friday after three days of solid gains, but was set for its strongest week since early July, boosted by a decline in the United States (US) inventories and a looming hurricane in Florida, while new signs of trade talks emerged.
Brent crude was down 7 cents, or 0.1 per cent, at $61.01, by 0236 GMT after adding 1 per cent on Thursday. Brent is heading for a gain of nearly 3 per cent this week.
US oil fell 11 cents, or 0.2 per cent, to $56.60 a barrel. The contract is set for a gain of more than 4 per cent this week.
