Oil Prices Set to End Week Above $100 for First Time in Nearly 4 Months
UrduPoint reports that oil prices have risen, with both major benchmarks tracking to end the week above $100 a barrel for the first time since mid-May.
Brent crude futures increased by 81 cents (0.8%) to $108.44 per barrel.
US West Texas Intermediate crude gained 69 cents (0.7%) to $103.17 per barrel.
On a weekly basis, these benchmarks exhibit nearly 13% growth – the steepest gain since mid-July.
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