Oil prices rose on Friday and headed towards a fourth consecutive weekly gain as the latest U.S. sanctions on Russian energy trade hit supply and pushed up spot trade prices and shipping rates. Brent crude futures rose 44 cents, or 0.5%, to $81.73 per barrel by 0443 GMT, U.S. West Texas Intermediate crude futures were up 62 cents, or 0.8%, to $79.3 a barrel. Brent and WTI have gained 2.5% and 3.6% so far this week.
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Original article source: https://www.dailymail.co.uk/wires/reuters/article-14295243/Oil-heads-4th-weekly-gain-U-S-sanctions-hit-supply.html
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