Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. But prices were still on track to close the week 2 to 3 percent lower after concerns about weaker Chinese oil demand weighed earlier in the week. At 0935 GMT, benchmark Brent crude futures LCOc1 were up 7 cents at $51.10 a barrel on the day but still about 2 percent lower on the week. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 16 cents at $47.25 a barrel, although they were also set to end the week more than 3 percent lower. “Falling U.S. commercial stocks are supportive and I also believe that high U.S. product demand, and gasoline […]