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Follow-up – WAA
Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s largest oil consumer, but they are set to post a weekly decline.
Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6%, to $83.08 a barrel.
Both contracts have risen in the previous two sessions but are on track for weekly losses, with Brent crude futures set to fall about 1% on the week after four weeks of gains. West Texas Intermediate crude futures were broadly flat on the week and are seen down just 0.1%.
Source: Arabic