Oil prices surge again on hopes of OPEC output deal ...United Arab Emirates

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Oil prices surge again on hopes of OPEC output deal
Crude prices continued to soar on Friday following the biggest one-day increase ever during the previous session, as OPEC and its allies are set to hold their first meeting next week to try to balance the market. International benchmark Brent surged 15 percent to $34.44 per barrel while US West Texas Intermediate (WTI) rose 12 percent to $28.50 per barrel. WTI is up 30 percent for the week which could be its best week in history. Prices skyrocketed on Thursday after US President Donald Trump told CNBC that he expected Moscow and Riyadh to announce a deal on production cuts by 10 million to 15 million barrels. 

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