Oil Updates – prices on track for 4th straight week of gains

SINGAPORE: Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns, according to Reuters.

Brent crude futures, which have risen 7 percent over the last four weeks, slipped 2 cents to $87.41 a barrel by 3:43 a.m. Saudi time.