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 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 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.