Key Points
HOUSTON (Reuters) Oil prices edged higher on Friday, but were set for a weekly drop as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China...
More fiscal measures are expected to be announced before Chinese holidays starting on Oct. 1 after a meeting of the Communist Partys top leaders showed an increased sense of urgency about mounting economic headwinds...
Despite aggressive Chinese stimulus, concerns of oversupply from OPECs plan to bring production back have pushed prices lower, analysts at Aegis Hedging said in a note on Friday...
Saudi Arabia has repeatedly denied targeting a certain oil price, and sources at the wider group told Reuters that the plans to raise output from December do not represent any major change from existing policy...
(Reporting by Georgina McCartney in Houston, Robert Harvey and Paul Carsten in London, Gabrielle Ng in Singapore and Shariq Khan in New York; editing by Jason Neely, Kirsten Donovan, Louise Heavens, Alexander Smith and David Gregorio)..
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