Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China's factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe.
Brent crude futures fell 39 cents, or 0.5%, to $84.36 a barrel at 0147 GMT. U.S. West Texas Intermediate crude futures were down 41 cents, or 0.5%, at $77.75 a barrel%.
Despite opening lower on Friday, Brent has climbed about 1.6% so far this week, on course for a second consecutive week of gains, while WTI has jumped about 2%, rebounding from a small loss the previous week on hopes of strong growth in fuel demand in China, the world's top oil importer.
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