Futures Movers: Oil tries to claw out of a hole, but still set for worst week since January

Crude-oil futures on Friday climbed, attempting to recover from a three-week low, but nagging oversupply concerns and a stronger greenback has put the commodity in position to post the worst week since January.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October CLV6, +1.09% rose 55 cents, or 1.3%, to $43.70 a barrel. November Brent crude on London’s ICE Futures exchange LCOX6, +1.36% climbed 65 cents, or 1.4%, to $46.10 a barrel. Week-to-date, both benchmarks were last down by around 8%, the biggest slump since January, according to FactSet data.

>>> Original Source <<<