Oil near 2-year high; growing global demand supports market:
"Oil prices rose on Friday, nearing their highest levels in more than two years, supported by rising global demand and physical prices and continuing expectations that OPEC and other producing countries will extend a deal to cut output.
Global benchmark Brent futures traded up 18 cents at $60.79 a barrel at 11:17 a.m. EDT, after hitting a session high of $61.15. Brent has risen around 38 percent since its low in 2017 reached in June.
U.S. West Texas Intermediate (WTI) crude traded at $54.57 a barrel, up 3 cents. WTI is around 30 percent above its 2017 low hit in June. "
'via Blog this'
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