Oil notches weekly gains ahead of Opec+ decision

Brent futures for May settled US$1.64 higher, or 2%, at US$83.55 a barrel. US West Texas Intermediate (WTI) for April rose US$1.71, or 2.19%, to US$79.97 a barrel.

NEW YORK: Oil prices rose 2% on Friday and posted weekly gains as traders awaited an Opec+ decision on supply agreements for the second quarter while also weighing fresh US, European and Chinese economic data.

Brent futures for May settled US$1.64 higher, or 2%, at US$83.55 a barrel. The April Brent futures contract expired on Feb. 29 at US$83.62 a barrel.

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