Oil set for second weekly rise as unsettled US-Iran war crimps supply

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Oil prices were little changed on Friday, but were on track for a second weekly rise as the stalemated US-Iran war continues to disrupt supply from the key Middle East producing region, Reuters Reports.

Brent crude futures rose 4 cents to $93.82 a barrel by 0142 GMT, after climbing 2.4 per cent in the previous session. US West Texas Intermediate crude futures slipped 6 cents to $86.78 a barrel, after climbing 2.3pc in the prior session.

During the previous five days of gains, Brent gained more than 7pc and WTI climbed more than 8pc, reaching their highest since July 24.

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