Oil set for third weekly decline

Singapore, Nov. 10 (BNA): Oil prices were up slightly on Friday but are set to fall for a third week.


Brent crude futures for January were up 40 cents, or 0.5%, at $80.41 a barrel at 0729 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $76.04, up 30 cents, or 0.4%, Reuters reported.


Brent futures are down 5.7% this week while WTI has declined 5.9% since last week. The three weeks of declines are the longest weekly losing streak for both contracts since a four-week drop from mid-April to early May.


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