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Oil futures rise over $2 at Friday’s settlement

Oil futures rise over $2 at Friday’s settlement

Mubasher: Oil futures settled higher on Friday, losing 0.9% for the week.  

December Nymex WTI increased by $2.02, or 3.7%, to close at $56.20 per barrel.

US natural gas storage jumped by 89 billion cubic feet (Bcf) in the week ended 25 October, to a total of 3,695 Bcf, the Energy Information Administration (EIA) said.