SINGAPORE: Oil prices were set to post their third straight week of gains for the first time since April despite falling slightly on Friday, due to broader supply concerns over disruptions in Libya and Nigeria, and hopes of higher U.S. crude demand amid cooling inflation.
Both Brent crude futures and U.S. West Texas Intermediate crude futures, were trading slightly lower. Brent was down 20 cents to $81.16, while the WTI was trading 14 cents lower at $76.75 at 0634 GMT.
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