Oil prices are falling but are on their biggest weekly gain on trade hopes

Tokyo 30 -8-2019 \ SPA
Oil gave up some of its recent gains today, but remained on course for its biggest weekly increase since early July, supported by a drop in US inventories, an impending hurricane in Florida and a recession in the China-US trade war.
By 0711 GMT, Brent crude was down 23 cents, or 0.4 percent, at $ 60.85 a barrel, but was up more than 2 percent for the week.
U.S. West Texas Intermediate (WTI) crude futures were down 40 cents, or 0.7 percent, at $ 56.31 a barrel. The contract is still up around 4 percent this week.