Oil higher, but weekly losses are still massive

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Source: WBP Online
Prices of oil were in green on Friday, however analysts say it could be just a short-term upward trend, while crude futures still face a sharp weekly decline. WTI were traded up 0.47% at $44.85 a barrel, while futures for Brent rose 0.48% to $49.75 per barrel. Meanwhile, global oversupply and the firm US Dollar still put pressure on oil prices, and experts claim that crude could reach new multi-year lows within the next months. 
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