Oil was rising for the first time in seven sessions on Friday, with some attributing the lift to verbal support by Russia and Saudi Arabia. Prices were still headed for a seventh straight weekly loss.
Price action
-
West Texas Intermediate crude for January delivery
CL00,
+1.87%
CL.1,
+1.87%
CLF24,
+1.87%
rose $1, or 1.4%, to $70.34 a barrel after closing down 0.1% to settle at $69.34 a barrel on the New York Mercantile Exchange on Thursday. -
February Brent crude
BRN00,
+1.88% BRNG24,
+1.88% ,
the global benchmark, rose $1.14, or 2.6%, to $75.93 a barrel, after closing down 0.3% to $74.05. Both Brent and WTI crude have fallen for six sessions, the longest losing streak for both since February, according to Dow Jones Market Data. -
January gasoline
RBF24,
+2.22%
rose 2.3% to $2.046 a gallon, while January heating oil
HOF24,
+1.95%
gained 2% to $2.59 a gallon. -
Natural gas for January delivery
NGF24,
+0.77%
rose…
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