Brent ended the session down US23 cents, or 0.6%, at $39.83 a barrel while U.S. crude settled up 3 cents at $37.33 a barrel. (File pic show oil storage at Cushing, Oklahoma. - Reuters)
NEW YORK: Oil prices were little changed on Friday, but posted their second straight weekly loss as stockpiles rise around the world and fuel demand struggles to rebound to pre-coronavirus levels.
Both Brent and U.S. crude lost about 6% on the week after a series of signals that showed markets still have an abundance of supply. Saudi Arabia and Kuwait cut official selling prices to Asia, U.S. stockpiles rose and traders are booking vessels for storage.
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