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Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports.
Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable to pull prices lower.
At the time of writing, West Texas Intermediate (WTI) crude was up 0.51% to $66.38 per barrel, while Brent crude gained 0.48% to $69.51 per barrel. – OilPrice.com
