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.
Crude oil prices have remained fairly static in trading this week, wiping out most of the gains following a brief rally last Friday.
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Oil prices have fallen again this week, now the fourth consecutive weekly price drop as global stock markets failed to fully recover from Monday’s losses when recession fears sent global markets into a freefall.
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 increased this week as market players turned optimistic about demand despite conflicting signals from OPEC and the IEA.
