Oil prices slip, headed for weekly loss as recession concerns bite

Oil prices down 1.5% for the week on recession jitters

Oil prices steadied on Friday, but fell for the week on a stronger US dollar and fears that an economic slowdown would weaken crude demand.

Oil prices down 1.5% for the week on recession jitters

By Laila Kearney NEW YORK (Reuters) -Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an...

Oil Headed for Weekly Loss as Recession Fears Cloud Demand Outlook

LONDON—Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89.59 a barrel, down 91 cents or 1 percent. Both benchmark contracts were headed for weekly losses of close to 3 percent. A strong dollar has made oil more…

Oil prices slip, headed for weekly loss as recession concerns bite

LONDON -- Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and concerns about a global economic slowdown weigh amid soaring inflation rates. Read More

Oil Posts Weekly Loss as Recession Fears Offset Demand

Oil fell for the week as lingering concerns over a global economic slowdown overshadowed signs of improving US demand.