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Oil heads for biggest weekly loss since mid-January

Manufacturing activities in parts of Asia, which accounts for most of the world's oil demand growth

Reuters  |  Singapore 

Crude prices rose on Friday after losses of more than 3 per cent a day earlier, with investors treading cautiously ahead of key US employment data that will help gauge the health of the world's largest economy and oil consumer. Brent crude had climbed 27 cents to $45.72 a barrel by 0426 GMT, while US West Texas Intermediate crude futures were up 24 cents at $43.40 a barrel, buoyed by a weaker dollar. Though rising in this session, Brent and WTI are on track for their biggest weekly losses since mid-January, hit by oil inventory builds and weak US manufacturing ...

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First Published: Fri, September 02 2016. 10:07 IST