Oil rises as US inflation eases; Brent still heads for weekly dip

SINGAPORE (Reuters): Oil prices inched up on Friday amid signs of easing inflationary pressures in the United States, the world's biggest oil consumer, although Brent crude was set for a weekly decline.

Brent crude futures rose 49 cents, or 0.6%, to US$85.89 a barrel by 0630 GMT. U.S. West Texas Intermediate crude futures climbed 58 cents, or 0.7%, to US$83.20 a barrel.