Oil Set for Weekly Loss on China Demand Fears

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang Province, China, on Dec. 7, 2018. Stringer/Reuters

LONDON—Oil prices remained on track on Friday for weekly losses on China demand fears.

Brent crude futures were up 27 cents, or 0.3 percent, at $78.97 a barrel by 1215 GMT and U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3 percent, to $74.05.