NNA – Oil rose in early trading, trimming some of the week’s losses that were driven by fears of Chinese demand and expectations that the high price ceiling proposed by the Group of Seven countries for Russian oil will keep supplies flowing.
Brent crude futures rose 13 cents, or 0.2 percent, to $85.47 a barrel. West Texas Intermediate crude futures jumped 35 cents, or 0.5%, from Wednesday’s close, to $78.32 a barrel.
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