Oil prices rose during Asian trading hours today, Friday, and the benchmark Brent crude oil is on track to record its first weekly increase in three weeks, supported by indications of improving global demand and slowing inflation in the United States, the largest oil consumer.
Brent crude prices rose 21 cents, or 0.3 percent, to $83.48 per barrel by 0018 GMT. US West Texas Intermediate crude futures rose 18 cents, or 0.2 percent, to $79.41 per barrel.
Brent crude futures are heading for a weekly gain of 1 percent, while West Texas crude futures are heading for a weekly gain of 1.4 percent.
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