Oil prices set for second week of gains on signs of improving demand

Crude oil futures remained relatively unchanged on Friday but are on track for a second-week rise. This comes amid signs of increasing demand and declining oil and fuel inventories in the US, the world's largest oil consumer. Brent futures for August settled down by 13 cents to $85.58 a barrel by 0927 GMT. US West Texas Intermediate crude futures for August delivery were down 10 cents to $81.19

Oil prices set for second week of gains on signs of improving demand

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Crude oil futures remained relatively unchanged on Friday but are on track for a second-week rise. This comes amid signs of increasing demand and declining oil and fuel inventories in the US, the world's largest oil consumer. Brent futures for August settled down by 13 cents to $85.58 a barrel by 0927 GMT. US West Texas Intermediate crude futures for August delivery were down 10 cents to $81.19