SINGAPORE: Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil.
Brent futures rose 88 cents, or 0.8%, to $111.78 a barrel by 0641 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 84 cents, or 0.8%, to $109.10 a barrel.
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