Oil trades sideways on fears of slower demand, supply uncertainty

SINGAPORE: Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling US economic activity with supply uncertainty.

Brent crude futures were trading down 5 cents, or 0.1 percent, at $110.00 a barrel by 0310 GMT, while US West Texas Intermediate crude futures were up 19 cents, or 0.2 percent, at $104.46 a barrel. Prices fell around 1.5 percent in the previous session.