SINGAPORE: Oil prices were little changed on Friday but headed for a second week of losses as supply fears driven by conflict in the Middle East, a key producing region, eased, while the demand outlook at the world’s top crude importer China remains clouded, according to Reuters.
Brent crude futures rose 29 cents, or 0.3 percent, to $87.14 a barrel by 8:05 a.m. Saudi time, while US West Texas Intermediate crude futures gained 36 cents, or 0.4 percent, to $82.82 a barrel.
“Oil prices have managed to ride on the improved risk…
