Oil notches second weekly gain despite India virus surge

Brent crude futures ended the session at US$68.28 a barrel while U.S. West Texas Intermediate (WTI) crude settled at $64.90 a barrel, both up 19 cents, or 0.3%.The two benchmarks rose by more than 1% on the week, their second consecutive weekly gain

NEW YORK: Oil edged up slightly on Friday even as the COVID-19 crisis in India worsened, and prices notched a second weekly gain against the backdrop of optimism over a global economic recovery.

Brent crude futures ended the session at US$68.28 a barrel while U.S. West Texas Intermediate (WTI) crude settled at $64.90 a barrel, both up 19 cents, or 0.3%.