OIL PRICE: Oil Posts Weekly Loss as Interest Rate Policy Spurs Fuel Demand Worries

OIL PRICES - HOUSTON, May 24 (Reuters) - Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period, curbing fuel demand.

The Brent crude July contract LCOc1 rose 76 cents to $82.12 a barrel. The more-active August contract LCOc2 closed up 73 cents at $81.84.