Oil prices recorded weekly gains, despite a slight decline at settlement on Friday, after tension in the Middle East and production disruptions in some locations offset the impact of concerns about the Chinese and global economies.
Price movements
Brent crude oil recorded a weekly increase of 0.34 percent, reaching $78.56 per barrel.
US West Texas Intermediate crude rose during the week by 1.93 percent, reaching $73.41 per barrel.
During Friday trading, Brent crude futures fell by 54 cents at settlement, and US West Texas crude futures fell by 67 cents.
The slower-than-expected growth of the Chinese economy during the last quarter raised doubts about expectations that indicated that demand there would boost the global price of crude during the current year.
Although the conflict in the Middle East has not stopped production, the disruption of Libyan supplies continues.
