Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia's fuel export ban compounded demand fears due to macroeconomic headwinds.
On Friday, Brent futures settled up 51 cents at $84.58 per barrel.
The sentiment of the statistics is mixed for oil prices.
A strong U.S. dollar is typically negative for oil demand, making the commodity relatively more expensive for holders of other currencies.
"Fear for the health of the global economy and thus oil demand going forward is at the heart of the sell-off," SEB analyst Bjarne Schieldrop said.
Persons:
Brent, WTI, SEB, Bjarne Schieldrop, Baker Hughes
Organizations:
. West Texas, Labor Department statistics, ING, Companies, Day, Xinhua
Locations:
Red, Ras Behar, Egypt, Saudi Arabia, Russia, gasoil, U.S