Oil Prices Rise as Brent Crude Hits $85.28 per Barrel
Oil prices rose today, Friday, with Brent crude reaching $85.28 per barrel, marking an increase of $1.05 or 1.25%. U.S. West Texas Intermediate crude also gained $1.03 or 1.3%, closing at $79.98. Both benchmarks posted weekly gains of nearly 12% and are heading towards consecutive weekly increases, amid growing concerns over tensions in the Arabian Gulf that are impacting the oil market.
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