World Commodities - WORLD COMMODITIES TRADING - World oil prices post strongest weekly gain.

Author:Kazmi, S. Kamal Hayder
 
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Byline: S. Kamal Hayder Kazmi

Oil prices rose on Friday, registering the strongest weekly gains in more than a month as support from optimism over a US-China trade deal, falling US crude stocks and possible action from OPEC to extend output cuts outweighed broader economic concerns.

West Texas Intermediate (WTI) crude futures settled 43 cents, or 0.8%, higher at $56.66 a barrel, clocking a weekly rise of more than 5%, its strongest since June 21. Brent crude ended 35 cents, or 0.6%, higher at $62.02 a barrel, logging a weekly gain of...

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