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Crude Oil Prices Higher on Supply Worry, as Trump Asks OPEC to Rise Prices

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Crude Oil Prices Higher on Supply Worry, as Trump Asks OPEC to Rise Prices

Oil prices were slightly higher on Friday, as supply concerns weighed on investors but was kept down after U.S. President Donald Trump asked the Organization of the Petroleum Exporting Countries and Russia to lower prices.

West Texas Crude oil futures for November rose 0.65% to $70.78 a barrel as of 4:48 AM ET (8:48 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.84% to $79.36.

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