Live Crude Oil Update By-

Oil set for biggest weekly gain since July on trade dispute hopes:

Oil prices on Friday were set for their biggest weekly gains since early July, boosted by a decline in U.S inventories and a looming hurricane in Florida, while new signs of trade talks between the United States and China emerged.

Brent crude LCOc1 was up 8 cents, or 0.1%, at $61.16 a barrel, by 0420 GMT after adding 1% on Thursday. Brent is heading for a gain of 3% this week.

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