Oil Prices Set for Weekly Climb, but Cloudy Outlook Caps Gains

Oil Prices Set for Weekly Climb, but Cloudy Outlook Caps Gains
A pump is seen at a gas station in Manhattan, New York City on Aug. 11, 2022. Andrew Kelly/Reuters
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LONDON—Oil prices fell on Friday as recession fears clouded the demand outlook yet remained on track for a weekly rise.

Brent crude futures were down $1.15, or 1.2 percent, to $98.45 a barrel 1110 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.48 or 1.6 percent to $92.86 a barrel.