raw prices were steady on Friday but were on track to post their third straight weekly loss on demand concerns in China and Russia price cap Conversations.

Brent, the benchmark for two-thirds of the world’s oil, was slightly higher at $85.71 a barrel as of 11:54 UAE time. West Texas Intermediate, the indicator for US crude, rose 0.4 percent to $78.45.

“Oil markets remain tied to the EU negotiations on Russia’s oil price cap,” said Daniel Richards, Middle…

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