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News

Oil prices climbed Friday after nine consecutive sessions of gains, amid receding concerns over global oversupply and macroeconomic risks to global growth

  • Brent crude -- the global oil benchmark -- was trading up 0.9%, at $62.22 a barrel, on London's Intercontinental Exchange.

  • West Texas Intermediate futures, the U.S. oil standard, were up 1%, at $53.12 a barrel, on the New York Mercantile Exchange.

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