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In the week closing, the Brent crude price rose slightly to $64.86 per barrel, a small weekly gain of just 26 cents. At the same time, WTI rose 48 cents to $61.45 per barrel.
The tiny weekly gains came despite the fact that OPEC+ did not make output cuts roll over, as was widely expected.
The organization unanimously agreed to continue its cautious and careful approach to oil market conditions as uncertainties still remain that will all continue to weigh on oil demand recovery.