Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel. As of 10:11 a.m. EDT on Friday, WTI Crude was up 0.63 percent at $41.19 and Brent Crude was up 0.05 percent at $43.28. This week’s sentiment on the market has been more bullish than the previous week, when fears of waning demand recovery had overtaken the news cycle and a sell-off sent oil prices to below $40 a barrel. This week started with OPEC and the International Energy Agency (IEA) revising down their respective demand outlooks for this year due to a more fragile outlook on economic recovery amid the continued uncertainty about the pandemic. But the inventory draw in U.S. crude oil stocks sent oil prices higher late on Tuesday and through Wednesday, while platform evacuations in the […]