Oil updates – Commodity heads for weekly loss on economic uncertainty

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LONDON: Oil costs had been on monitor for a hefty weekly loss as financial and rate of interest uncertainty weighed, although costs had been steady on Friday because the euro zone restoration gathered tempo unexpectedly, in accordance with Reuters.

Brent futures for June supply rose 11 cents, or 0.14 p.c, to $81.21 a barrel by 1148 GMT. West Texas Intermediate crude for June supply was up 13 cents, or 0.17 p.c, at $77.50.

Each benchmarks had slid by greater than 2 p.c on Thursday to their lowest since late March and stay on monitor for a weekly drop of about 6 p.c.

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