Oil prices are on course to post a weekly loss for the second week in a row, with economic fears continuing to trump market fundamentals. Comments from the Fed that suggested interest rate hikes may become even more aggressive have damaged oil demand expectations. News this week that China might ease its Covid restrictions and the EIA’s report of a draw in oil inventories added some upward pressure to prices. Oil prices were flat early on Friday in Europe and were headed to a second weekly loss in a row, as fears of economic slowdown persisted and offset hopes of rising oil demand from China. As of 2:58 a.m. ET on Friday, the U.S. benchmark, WTI Crude , was marginally higher by 0.05% at $84.57, and the international benchmark, Brent Crude , traded 0.13% higher at $92.42. Oil prices were on track to post the second consecutive weekly loss […]