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Oil continues to rise and records a new high… and the disclosure of the price of a barrel • Al Marsad Newspaper

Al-Marsad newspaper – agencies: Oil rose more than 3% at the end of Friday trading, supported by a lack of supply, amid weekly stability in Brent prices, and a limited decrease in Nymex prices by 0.3% on a weekly basis, with continuing fears that high interest rates may push the global economy into recession.

Brent crude futures also rose $3.07, or 2.8%, to $113.12 a barrel, according to “Reuters”.

US West Texas Intermediate crude futures rose $3.35, or 3.2%, to $107.62 a barrel.

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