Oil prices consolidate after 7th straight weekly loss for U.S. benchmark - MarketWatch

1. Oil futures gained slightly, consolidating after seven weekly losses. 2. Trade policy uncertainty has impacted crude oil markets, raising recession fears. 3. Energy Secretary plans to seek $20 billion for Strategic Petroleum Reserve. 4. Weak data from China adds pressure on oil prices amid trade issues. 5. U.S. equities and oil market both experienced downward pressure last week.