Oil futures inched higher Friday, but both U.S. and international benchmark crude were headed for sharp weekly falls as worries about the prospect of rising inventories appeared to overshadow a momentary U.S.-China tariff detente.
West Texas Intermediate crude for October delivery picked up 32 cents, or 0.6%, to $55.41 a barrel on the New York Mercantile Exchange, but was on pace for a 2% weekly decline, according to FactSet data tracking the most-active contract. November Brent crude gained 24 cents, or 0.4%, to $60.60 a barrel on the ICE Futures Europe, but was poised for a weekly drop of 1.6%.
Source: marketwatch