Oil prices rise, but post biggest weekly decline since March


Brent futures settled up 51 cents at US$84.58 per barrel. US West Texas Intermediate crude futures settled up 48 cents at US$82.79. — Reuters

NEW YORK: Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia's fuel export ban compounded demand fears due to macroeconomic headwinds.

On Friday, Brent futures settled up 51 cents at US$84.58 per barrel. US West Texas Intermediate crude futures settled up 48 cents at US$82.79.

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