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Oil closes higher with weekly gains
Oil prices rose at the close, resulting in strong weekly gains, as the futures contracts for Brent crude increased by 0.8% to reach $92.68 per barrel, while U.S. West Texas Intermediate crude rose by 0.20% to $91.48 per barrel. Over the week, Brent crude gained 7.6%, and U.S. crude approximately 10%, due to ongoing impacts on supply routes in the Middle East.
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