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Oil prices rise more than a per cent

Oil prices rose more than one per cent on Friday, after upbeat U.S. jobs data strengthened expectations for higher fuel demand and on signs that U.S. sanctions on Venezuelan exports have helped tighten supply.
 
U.S. West Texas Intermediate futures were at $54.65, up 86 cents.
 
Oil prices got a boost from Wall Street after surprisingly strong U.S. job growth data fed demand for equities.


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