Crude-oil prices headed modestly higher on Friday, to cap a volatile week of trade that has left international and U.S. crude grades with slight weekly gains or nearly unchanged, as investors fret over the potential demand threat posed by escalating U.S.-China trade tensions.
West Texas Intermediate crude for June delivery rose 37 cents, or 0.4%, to trade at $62.07 a barrel on Friday, after a 0.7% fall the day before. The contract was looking at a weekly gain of about 0.2% based on last Friday's settlement.
Global benchmark July Brent crude added 30 cents, or 0.5%, to $70.75 a barrel on ICE Futures Europe on Friday. The contract was headed to end the week slightly lower.
Source : MarketWatch