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Oil prices rally

Oil prices rallied about three per cent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China trade war.
 
Futures were on track for a third straight week of gains, with Brent crude up $1.64 to $62.82 a barrel, or 2.7 per cent.
 
U.S. West Texas Intermediate (WTI) crude were up $1.70 to $53.77 a barrel, or 3.3 per cent.


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