Oil steady but poised for weekly fall as market eyes coronavirus hit to demand
Oil prices were little changed on Friday but on track for a weekly fall on concerns that a global resurgence of Covid-19 infections will constrain fuel demand, while the likely return of exports from Libya will add to supply.
Brent crude was down 2 cents at $41.92 a barrel by 0113 GMT, while US West Texas Intermediate (WTI) crude was 3 cents firmer at $40.34.
Brent is heading for a drop of nearly 3% this week, while US crude is on track for a decline of almost 2%. Both benchmarks are also on track for a monthly decline, which would be the first for Brent in six months.
