On Friday, Oil stayed above $44 a barrel and was on course for its largest weekly decline since June as low demand figures added to concern over a slow recovery from the coronavirus pandemic.
A US government report indicated that domestic gasoline demand dropped in the current week. Middle distillates inventories at Asia’s oil hub Singapore have ascended over a nine-year high, official data indicated.
Brent crude, the international benchmark, was up 0.6%, at $44.35 by 0940 GMT, heading for a 1.6% fall this week. US West Texas Intermediate (WTI) increased by 0.5% to $41.55, positioned for its first weekly fall in five.