SINGAPORE, Nov 5 (Reuters): Oil prices settled up by more than 5% on Friday amid uncertainty around future interest rate hikes by the US Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some Covid-19 restrictions supported markets.
Though fears of global recession capped gains, Brent crude futures settled up $3.99 to $98.57 per barrel, a weekly gain of 2.9%.
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