BNO - Oil slips but scores 6% weekly rise; energy names mostly in the red

Energy ([[XLE]] -0.8%) is the day's biggest loser as crude oil futures pulled back, settling lower after posting four straight daily gains and rising more than 6% on the week.Support from strong economic data from China, which reported Q1 GDP jumped 18.3% Y/Y, helped offset concerns that rising COVID-19 cases in parts of the world threaten the assumed economic recovery.May WTI crude (CL1:COM) closed -0.5% to $63.13/bbl and June Brent (CO1:COM) ended -0.3% to $66.77/bbl, with the front-month contracts tallying respective weekly gains of 6.4% and 6.1%, the best weekly returns for both contracts since the week ended March 5.Also on Nymex, May gasoline (XB1:COM) closed -0.6% to $2.04/gal while May heating oil (HO1:COM) finished -0.2% to nearly $1.90/gal, ending with respective weekly gains of 6% and 5%.Oil names mostly came in lower today: [[EGO]] -3.2%, [[MTDR]] -3.2%, [[MRO]] -2.8%, [[PXD]] -2.5%, [[DVN]] -2.2%, [[HAL]] -1.8%, [[COP]] -1.5%, [[SLB]] -1.4%.ETFs:

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Oil slips but scores 6% weekly rise; energy names mostly in the red