Oil perks up after sharp week-long selloff on supply, demand concerns

Oil perks up after sharp week-long selloff on supply, demand concerns

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Oil prices edged higher on Friday, a day after sinking 5 per cent to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. Brent futures rose 80 cents, or about 1 per cent, to $78.22 a barrel at 1057 GMT. U.S. West Texas Intermediate crude (WTI) was at $73.66, up…

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