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Oil futures settle 94 cents higher on Friday

Oil futures settle 94 cents higher on Friday

Mubasher: Oil futures grew at Friday’s settlement, adding 0.8% for the week. 

December Nymex WTI rose $0.94, or 1.7%, to close at $57.71 per barrel.

OPEC on Thursday said that oil markets would see a smaller surplus next year, but it still expected demand for its output to drop, as its rivals boost their production.