Oil prices set for fourth weekly fall as demand concerns weigh

OIL prices rose on Friday but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply disruptions.

Brent crude futures gained 55 cents, or 0.7%, to $80.08 a barrel by 0707 GMT, while U.S. West Texas Intermediate crude futures rose 57 cents, or 0.8%, to $76.89.

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