Oil rises above $87

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Reuters
Last Updated : Oct 18 2014 | 12:24 AM IST
Brent crude oil futures rose more than $1 to above $87 a barrel on Friday as investors bought into a market they saw as oversold. US crude was also up sharply, rising more than $1 to above $84 a barrel. The price rebound follows four weeks of falling prices which have seen Brent lose more than a fifth of its value since June.

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First Published: Oct 18 2014 | 12:18 AM IST

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