$WTIC Heading to 3rd Weekly Loss

Reuters headline: Oil prices ease on recession fears, headed for 3rd weekly loss
By Stephanie Kelly and Yuka Obayashi


TOKYO, July 1 (Reuters) - Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.

Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel by 0428 GMT, giving up earlier gains of over $1.

WTI crude futures for August delivery slid 37 cents, or 0.4%, to $105.39 a barrel, also surrendering an early gain of nearly $1.