Oil Prices On Course For A Second Consecutive Weekly Loss

Oil prices were flat early on Friday in Europe and were headed to a second weekly loss in a row, as fears of economic slowdown persisted and offset hopes of rising oil demand from China.   As of 2:58 a.m. ET on Friday, the U.S. benchmark, WTI Crude, was marginally higher by 0.05% at $84.57, and the international benchmark, Brent Crude, traded 0.13% higher at $92.42.   Oil prices were on track to post the second consecutive weekly loss after comments from Fed officials that the interest rate hikes may need to become even more aggressive,…