Crude oil prices are on track for a third weekly loss in a row, pressured by the perception of weaker-than-desired Chinese demand.
Oil prices fell this week, putting them on track for a second weekly decline, as a strong dollar and mixed economic signals weighed on investor sentiment.
Crude oil prices have risen for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world's biggest oil consumer.
Oil prices are poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest rates.
Crude oil prices increased this week as market players turned optimistic about demand despite conflicting signals from OPEC and the IEA.
Oil prices were mixed this week as the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a weaker dollar also boosted the commodity.