Oil prices decreased on Friday

The price of Brent crude dropped by 23 cents or 0.4% to $60.85 a barrel. Moreover, the price of West Texas Intermediate (WTI) crude futures also fell by 40 cents or 0.7% to $56.31 a barrel. However, the price of Brent crude still managed to increase to achieve the best weekly gain since early July. The WTI crude futures price increased by 4% since the beginning of the week.

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