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Oil dips as demand concerns counter U.S.-China trade hopes


NEW YORK (Reuters) - Oil prices edged lower on Friday and posted weekly losses, as concerns about slowed global economic growth outweighed hints of progress in the U.S.-China trade dispute.

Brent crude LCOc1 futures fell 16 cents to settle at $60.22 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures delivery fell 24 cents to end at $54.85 a barrel.

Brent fell 2.1% for the week, its first decrease in five weeks. WTI lost about 3% loss for the week, its first decrease in three weeks.

The world’s two largest economies are preparing ...


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