Oil prices are on pace for a weekly gain as U.S. economic growth and stimulus in China raise hopes for more robust crude demand this year. The West Texas Intermediate contract for March fell 90 cents, or 1.16%, to trade at $76.46 a barrel Friday morning, while the Brent contract for March dropped 71 cents, or 0.86%, to trade at $81.75 a barrel. U.S. crude and the global benchmark, however, are poised to post a weekly gain of more than 4%. WTI and Brent are up 7% and 6.3%, respectively, for the year so far. The U.S. reported stronger-than-expected economic…
News Timeline:
Track the development of this news story across the Internet.