Oil heads for best week since mid-Dec, Kazakhstan unrest stokes supply worries

Published by
Reuters UK

By Sonali Paul MELBOURNE/BEIJING (Reuters) -Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya. Brent crude futures climbed 57 cents, or 0.7%, to $82.56 a barrel at 0403 GMT, after a 1.5% jump in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 67 cents, or 0.84%, to $80.13 a barrel, extending a 2.1% gain in the previous session. Brent and WTI were on track for a more than 6% gain in the first week of the year, with prices at their highest since …

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