The Latest News Regarding Crude Oil Futures. Posted By C/w:-6396479818

Oil prices on track for first weekly rise in two months.

Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a weaker dollar.

Brent futures rose 40 cents to $77.01 a barrel at 0335 GMT. U.S. West Texas Intermediate (WTI) crude climbed 40 cents to $71.98.

Both benchmarks are on course for a modest weekly gain, having been lifted by a mid-week announcement from the U.S. Federal Reserve that it is likely to cut borrowing costs next year.

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