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Oil prices settled nearly 2% higher on Friday, recording the first weekly gains since mid-April as a US trade deal with the UK turned investors optimistic ahead of talks between top officials from Washington and Beijing.
Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
MARKET HIGHLIGHT: Brent bounce
Oil prices settled nearly 2% higher on Friday, recording the first weekly gains since mid-April as a US trade deal with the UK turned investors optimistic ahead of talks between top officials from Washington and Beijing.
Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel.
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