Both benchmark crudes are on course for consecutive weekly gains, with Brent approaching its third straight week in the green.
Brent crude climbed to $85.28 per barrel on Friday while WTI reached $79.98, each gaining around 1.25–1.3 per cent on the day. Both benchmarks are on track for roughly 12 per cent weekly gains, with Brent heading for its third consecutive weekly advance.
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Oil prices climbed on Friday, with Brent crude futures rising $1.05, or 1.25 per cent, to $85.28 per barrel. US West Texas Intermediate added $1.03, or 1.3 per cent, to reach $79.98 per barrel.
Both benchmarks are on track to close the week roughly 12 per cent higher, extending a run of weekly gains. Brent is approaching its third consecutive weekly advance, while WTI is heading for its second.
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