Oil Updates — Crude up; India slashes taxes on aviation fuel exports; US drillers add oil and gas rigs

RIYADH: Oil prices rose slightly on Friday, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

Brent crude futures settled at $91.35 a barrel, up 51 cents, while US West Texas Intermediate crude futures settled at $85.11 a barrel, up one cent.

Both benchmarks were down by nearly two percent on the week, hurt partly by the US dollar’s strong run, which makes oil more expensive for buyers using other currencies.