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Oil prices set for weekly gains as demand outlook brightens

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone. U.S. West Texas Intermediate crude was down 17 cents, or 0.4 percent, at $49.72 a barrel at 0620 GMT. It briefly broke above $50 on Thursday, hitting a four-month high, and finished 1.2 percent higher at $49.89, its highest close since July 31.Brent crude futures were down 23 cents, or 0.4 percent, at $55.24 a barrel. They gained 0.6 ...

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First Published: Fri, September 15 2017. 12:02 IST
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