December 4, 2022

Oil prices were virtually unchanged in early trading on Friday, but are approaching their first weekly gain in five weeks, helped by a weaker US dollar.

And futures for US West Texas Intermediate oil rose 6 cents to $81.29 a barrel at 00:54 GMT in November after falling 92 cents in the previous session.

November futures for Brent crude also rose 2 cents to $88.51 a barrel after losing 83 cents in the previous session.

Both Brent and West Texas Intermediate are set to rise to 3% this week, their first weekly gains since August after hitting their lowest levels in nine months in recent days.

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