Oil above $57, heads for biggest weekly gain since September

Oil above $57, heads for biggest weekly gain since September

Oil is heading for its biggest weekly gain since mid-September after US crude oil stockpiles extended their declines and after the cartel OPEC maintained that efforts are re-balancing the market were progressing well. Brent, the internationally traded benchmark crude climbed above $57 per barrel Friday morning in Europe as traders say they expect OPEC to maintain its…

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