Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.
Brent futures , which were trading 19 cents or 0.3% lower at $73.69 a barrel at 0027 GMT on Friday, gained 4.3% this week.
The U.S. central bank cut interest rates by half a percentage point on Wednesday.
Weak demand from China's slowing economy was weighing on prices, with refinery output in China slowing for a fifth month in August.
China's industrial output growth also slowed to a five-month low last month, and retail sales and new home prices weakened further.
Persons:
Brent
Organizations:
Citi
Locations:
Brent, U.S, China