SINGAPORE: Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand.
Brent crude futures were up 24 cents, or 0.3 percent, to $91.08 a barrel as at 0315 GMT, but were down 1.9 percent for the week so far.
US West Texas Intermediate (WTI) crude futures gained 10 cents, or 0.1 percent, to $85.20 a barrel, but were also down 1.9 percent on a weekly basis.
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