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Oil rises in early trade

Oil rises in early trade
Photo Credit: Arabianeye - Reuters

Mubasher: Oil prices started Friday on a higher note following two weeks of OPEC agreement to cut oil output.

By 6:45am GMT, Brent crude futures rise 0.31% to $54.06 per barrel.

US WTI crude futures were 0.7% higher to $51.18 a barrel.

On Thursday day, Brent and WTI futures increased by 2% and 1.5%, respectively.