Oil on track for second straight weekly gain on resilient demand – Reuters

Oil on track for second straight weekly gain on resilient demand – Reuters

July 6 (Reuters) - Oil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-than-expected fall in U.S. oil stocks.

Brent crude futures were down 1 cent at $76.51 a barrel at 0006 GMT, while U.S. West Texas Intermediate crude gained 2 cents to $71.82 a barrel.

Both benchmarks were set to gain about 2% for the second straight week.