Oil prices increase on world markets

Oil prices rose on Friday as investors considered Russia's threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks' aggressive rate hikes and China's COVID-19 curbs weighed on demand, News.Az reports citing Reuters. 

Brent crude futures rose 27 cents, or 0.3%, to $89.42 a barrel by 0330 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 15 cents, or 0.2%, to $83.69.


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