Oil Prices Set For First Weekly Gain In Six Weeks

Oil prices were set early on Friday for their first weekly gain since early January as the market shook off the coronavirus panic and hoped for a Chinese stimulus in case the virus outbreak considerably slows down the economy. At 8:05 a.m. EST on Friday, WTI Crude prices were up 1.34 percent at $52.11, and Brent Crude traded up 1.42 percent at $57.15. Both benchmarks were on track for their fourth consecutive session of gains, which, if realized at close of Friday trade, would be the longest streak of oil price gains so far this year, according…