Oil rises over $1, still set for weekly drop on recession fears - Reuters

Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.

LONDON, June 24 (Reuters) - Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push… [+2063 chars]

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