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More Indications of Global Glut Clearing as Venezuelan Oil Production, Quality, Continues to Deteriorate

Oil
 

West Texas Intermediate on Friday remained close to its highest levels since 2015 despite settling 43 cents lower to $56.74 per barrel, and Brent settling down 37 cents to $63.56 per barrel, and this altogether still meant both contracts would rise about 3 percent for the week, a fifth consecutive week of gains.

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