Futures Movers: Oil back above $50 a barrel, set for biggest weekly gain since July

Oil futures fell modestly on Friday, but prices have been holding steady in the face of another missile test by North Korea.

October Nymex light, sweet crude on the New York Mercantile Exchange CLZ7, -0.30% was recently down 0.3%, or 0.1%, to $49.76 a barrel in the Globex trading session. Brent futures LCOX7, -0.38% were off by the same percentage margin at $55.31, a loss of 16 cents.

October Nymex gasoline RBV7, -0.28% fell 0.2% to $1.6260 a gallon.

The price drop comes on the heels of sharp gains throughout the week as U.S. oil facilities recover operations post hurricanes.

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