Down for the week, oil futures rise for second day (

Oil prices were higher Friday as the futures market tried for back-to-back recovery sessions after the market skidded into bear territory this week, dragged down by concerns a prolonged trade war will sap energy demand.

“Oil is enjoying the reprieve from a few days without flare-ups in the trade war,” said Craig Erlam, senior market analyst in the U.K. at Oanda. “Prices have plummeted since the start of the month, as the conflict surprisingly escalated in the aftermath of talks in Shanghai, further heightening the risks to the global economy,” he said.
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