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Oil prices end week in gains

Oil prices end week in gains

Mubasher: Oil prices surged by more than 4% on Friday, supported by the new output deal that announced during the Organization of the Petroleum Exporting Countries (OPEC) summit in Vienna.

Nymex futures jumped 4.6% to settle at $68.58 per barrel, recording weekly gains of 5.7%.

Meanwhile, brent crude rose by 3.2% to $75.39 a barrel.