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CRUDE OIL

CRUDE OIL closed on Friday at weekly higher levels after testing the low level of $ 66.64 in the weekly trading session as WTI crude futures climbed 1.6% to $71.2 per barrel on Friday, closing the week with an over 5% increase, driven by the intensifying conflict in Ukraine, which added a geopolitical risk premium to oil prices. Moscow ramped up its offensive after the US and UK allowed Ukraine to target deeper Russian territory with their missiles.