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Oil prices end week up in volatile trade ahead of OPEC meeting


  • Oil & Gas
  • Saturday, 22 Sep 2018

Global benchmark Brent crude settled 10 cents higher at $78.80 a barrel. U.S. light crude rose 46 cents to $70.78 a barrel, more than $1 below the session high of $71.80.

Global benchmark Brent crude settled 10 cents higher at $78.80 a barrel. U.S. light crude rose 46 cents to $70.78 a barrel, more than $1 below the session high of $71.80.

NEW YORK: Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after U.S. President Donald Trump again blasted the cartel.

Investors grappled with whether the Organization of the Petroleum Exporting Countries and non-OPEC producers will offset a shortfall from Iran once U.S. sanctions go into full force Nov. 4. Major producers are scheduled to gather in Algeria on Sunday.

Oil & Gas , Corporate News

   

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