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Oil set for one of the biggest weekly rises in 2016

April 22, 2016

Via: CNBC

Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply.

International benchmark Brent crude futures were trading at $45.09 per barrel at 00-54 GMT, up more than half a dollar from their last settlement.

U.S. West Texas Intermediate (WTI) crude was up 52 cents at $43.70 a barrel.

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