Oil trims gains, but heads for third weekly rise on demand recovery By Reuters – Investing.com

Oil trims gains, but heads for third weekly rise on demand recovery By Reuters – Investing.com

By Sonali Paul

MELBOURNE (Reuters) - Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs.

futures fell 23 cents, or 0.3%, to $72.29 a barrel at 0145 GMT, reversing most of Thursday's climb to its highest close since May 2019.