The crude oil markets have been somewhat sideways overall, as the markets continue to try to sort out how the global economy is going to be moving going forward. All things considered; this is a market that is searching for some kind of momentum.

Oil prices edged lower on Friday, heading for a weekly loss, as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve's interest rate cut path. Brent crude futures dropped 72 cents,