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Oil rises with the decline in the number of US platforms and score big weekly loss
10.17.2015
Crude oil prices rose about two percent as investors covered positions after four days of sharp losses, with the support of the decline in the number of oil platforms operating in the United States for the seventh consecutive week.
And incurring US oil and Brent crude biggest weekly loss in two to eight weeks after the International Energy Agency in a report on Tuesday predicted that the global market remains oversupplied until 2016.
The price of US crude rose 88 cents to settle at 47.26 dollars a barrel. Crude and lost about five percent during the week.
And increased maturity of the nearest contract for Brent December delivery 73 cents to $ 50.46 a barrel at the settlement. Crude lost nearly four percent during the week. It ended 29 quarters e
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