Oil up amid wrangling over Russian oil price cap

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Reuters UK

By Sonali Paul and Trixie Sher Li Yap SINGAPORE (Reuters) -Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.49%, from Wednesday’s close to $78.43 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday. Both contracts were still headed for their third consecutive weekly decline, on tr…

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