Crude oil prices eased in early Asia on Friday although the commodity stayed close to two-week high levels attained earlier this week. Oil prices were set to rise for a second consecutive week driven largely by an OPEC+ decision to cut output by 2 million barrels a day from November, as well as escalating Western sanctions on Russian oil. Meanwhile, data showed the U.S. exported a record amount of oil in the prior week, sending a positive signal on globe crude demand. WTI crude oil futures were down more than 1% at $87.94 per barrel. Powered by Commodity Insights
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