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Oil prices up amidst higher global demand, Nigeria instability

Reuters  |  NEW YORK 

By Julia SimonNEW YORK (Reuters) - Oil prices rose slightly on Friday in volatile trading as the market weighed lower U.S. crude stocks, Nigerian instability and strong global demand growth against a persistently slow rebalancing.Brent crude settled up 20 cents or 0.39 percent to $52.10 a barrel.U.S. West Texas Intermediate crude was up 23 cents or 0.47 percent to $48.82 a barrel.U.S. crude was down 1.5 percent on the week, while Brent was down 0.6 percent.The International Energy Agency said it had revised historic demand data for 2015-2016, meaning a lower demand base in 2017-2018 ...

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First Published: Sat, August 12 2017. 01:39 IST
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