Brent Crude Oil On Track For Third Weekly Fall

Brent crude oil held above $112 a barrel on Friday, but remained on track for its third weekly fall in five weeks as supply concerns diminished with the imminent restart of Britain’s largest oilfield, although easing worries about the global economic slowdown offered some support.December Brent crude edged down 5 cents at $112.37 a barrel early on Friday, on course for a near 2% loss this week.