Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude LCOc1 was up $1.12, or 3.4%, at $34.33 a barrel by 0728 GMT after falling more than 7% on Thursday. For the week, Brent is set to fall around 24%, the biggest weekly decline since December 2008, when it fell nearly 26%. U.S. West Texas Intermediate (WTI) crude CLc1 rose $1.17 cents, or 3.7%, to $32.66 per barrel after falling more than $1 earlier in the session. WTI is set to drop nearly 21% this week, also […]