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البلاد
Oil heads for 13.5% weekly rise
The article explains that oil prices are on track to achieve weekly gains of up to 13.5%, despite a decline in early trading. Brent contracts decreased by 0.72% to reach $99.97 per barrel, while West Texas Intermediate contracts fell by 0.76% to $91.49. Despite today's setback, oil prices are set to record a weekly increase of approximately 10.9%, after Brent crude surpassed the $100 mark for the first time since May. The market benefited from previous gains, with oil prices rising by 7% for Brent and 6.2% for U.S. crude at yesterday's close, amid expectations of increased demand and reduced supply.
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