• Oil traded in a huge $16 range this week
  • Prices are expected to fall for the second week in a row
  • No easy substitute for Russian barrels gives high ground

March 18 (Reuters) – Oil prices settled higher on Friday but posted a second consecutive weekly loss after a volatile week of trading with no easy substitute for Russian barrels in a stressed market.

Brent crude futures rose $1.29, or 1.2%, to $107.93 a barrel, a day after rising nearly 9%, the biggest one-day percentage gain since mid-2020.

USA West Texas…



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