OIL PRICE: ABOVE $62 YET
REUTERS - Oil prices were steady on Friday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
Brent LCOc1 fell 6 cents to $62.68 a barrel by 0919 GMT, while U.S. crude CLc1 rose 18 cents to $56.59 a barrel. But both were down 2.6% on a weekly basis.
Brent, which is on course for its biggest weekly loss in seven weeks, is just above its level before Sept. 14 attacks on Saudi facilities that initially halved the kingdom's production.
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