Oil prices higher on Fed comments on inflation

Singapore, Jan. 5 (BNA): Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control. 

Brent crude futures were up 31 cents, or 0.4%, to $77.90 a barrel.

West Texas Intermediate crude futures rose 43 cents, or 0.6%, to $72.62 at 0557 GMT, Reuters reported.


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