By Katya Golubkova and Trixie Yap
(Reuters) -Oil prices were set for a weekly gain of around 2% after regaining ground on Friday as strong holiday demand from China and persistently tight U.S. fundamentals outweighed expectations of possible supply increases from Saudi Arabia.
Brent November futures which expire on Friday rose 5 cents to $95.43 per barrel. Brent December futures gained 13 cents to trade at $93.23 per barrel at 0335 GMT.
U.S. West Texas Intermediate crude (WTI) climbed 16 cents to $91.87 per barrel.
The market eased about 1% in the previous session, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates may weigh on oil demand.
Improving macroeconomic data from China, the world’s largest oil importer, coupled with strong fuel demand as the country as it embarked on its week-long Golden Week holiday on Friday, supported…
