Oil prices edged higher but were heading for a weekly loss as uncertainty over de-escalating U.S.-China trade war tensions and the threat of oversupply cloud the picture. Brent crude was up 0.2% at $65.

Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply at the same time conflicting U.

Oil prices rose on Friday but were headed for a weekly loss on the prospect of more supply entering global markets amid positive US-Iran talks and potential output increases from Opec+ members. Demand concerns as a result of the trade war between the US and China,