Oil prices rose on Friday, making up for its loss a day earlier due to weak demand, emerging equity markets woes and trade tensions.
At 9:15 am Makkah time, West Texas Intermediate crude (WTI) October futures rose to $68.77 a barrel, gaining 1.5 percent for the week.
Global benchmark Brent crude’s November futures edged up 0.06 percent to $78.23 a barrel, with a weekly gain of about 1.8 percent.
The US Energy Information Administration (EIA) on Thursday said that global oil demand rose to a record-high of 100 million barrels a day (mbd) in August.
It kept its global oil demand projections for 2018 and 2019 at 1.4 mbd and 1.5 mbd, respectively.
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