A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File PhotoSINGAPORE, May 10 - Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices.
Brent futures rose 59 cents, or 0.7%, to $84.47 a barrel at 0635 GMT and are set for a weekly gain of 1.8%. U.S. West Texas Intermediate crude climbed 65 cents, or 0.8%, to $79.91, and set for a weekly increase of 2.3%."Ongoing signs of strength in demand in China should see commodity market remain well supported," ANZ Research said in a note.
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