Oil Headed for Weekly Loss as Recession Fears Cloud Demand Outlook

Oil Headed for Weekly Loss as Recession Fears Cloud Demand Outlook
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Okla., on March 24, 2016. Nick Oxford/Reuters
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LONDON—Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh.

Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89.59 a barrel, down 91 cents or 1 percent.