Oil prices head for weekly decline on signs of weakened Asian demand

News Snapshot:

An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara By Stephanie Kelly (Reuters) - Oil prices rose in early trade on Friday but were on track to fall 6% for the week, hovering near six-month lows, with investors fretting about weak energy demand in Asia combined with high U.S. crude production. Brent crude futures rose 68 cents, or 0.9%, to $74.73 a barrel by 0136 GMT, while U.S. West Texas Intermediate crude futures gained 64 cents, also up 0.9%, to $69.98 a barrel. Both benchmarks slid to their lowest since late June in the previous session....