By Julia Payne

LONDON (Reuters) – Oil rose more than 3% on Friday as the dollar fell as an EU ban on Russian oil loomed and investors weighed the prospect of an easing of COVID restrictions in China.

Though fears of a global recession limited gains, Brent crude futures were up $3.29, or 3.48%, to $97.96 a barrel by 1203 GMT, for a weekly gain of more than 2%.

USA West Texas…

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