Oil prices rise in global markets

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Oil prices rise in global markets

Oil charges rose more than 1%, posting weekly gains amid thin buying and selling beforehand of the year-cease, supported by means of a larger-than-predicted drawdown in U.S. crude inventories.

Brent crude futures rose 91 cents, or 1.2%, to settle at $seventy four.17 a barrel.

U.S. West Texas Intermediate crude rose 98 cents, or 1.4%, to $70.60. both crudes rose 1.4% all through the week.