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Oil prices recorded weekly gains of about 4% at the end of last week’s trading.
Brent crude futures closed at $85.34, with weekly gains of about 3.9%, while US West Texas Intermediate crude futures closed at $81.04 per barrel, recording a weekly increase of about 3.8%.
Oil prices stabilized near their highest level in four months, after the extension of OPEC+ production cuts reinforced expectations that the crude oil market was heading toward a deficit.
Source: Arabic
