Energy and oilUpdated Yesterday

Oil logs a second straight weekly loss.

Oil prices recorded losses for a second consecutive week, according to a headline from the Saudi Press Agency. In its Friday report, Okaz put Brent at $95.54 a barrel and US West Texas Intermediate at $88.18, with both benchmarks heading for a second straight weekly decline. Okaz also cited US Energy Information Administration data showing US crude inventories increased by 4.7 million barrels to 414.4 million barrels in the week ending November 6.

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