Fri, 16 Nov 2012 13:23:49 GMT
Oil slips to a weekly decline on mideast supplies concerns
Crude oil futures for December settlement were 5 cents higher to $85.50 a barrel and contract for January gained 6 cents to $85.93 in London morning trading session, but front month future lost 87 cents yesterday, bringing to 0.7% weekly loss. Oil set four weekly price decline in the last five, as markets trade on signs that U.S. economy is