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flag Oil prices rise weekly on optimism about US-China trade talks and supply concerns.

flag Oil prices are on track for a weekly gain, driven by optimism over US-China trade talks and supply concerns. flag Brent crude and WTI futures both declined slightly on Friday but are up for the week. flag The talks, initiated by a phone call between US President Trump and Chinese leader Xi, have improved market sentiment despite ongoing geopolitical tensions. flag Other factors affecting oil prices include supply disruptions from Canadian wildfires and potential sanctions on Iran and Venezuela.

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