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Oil futures settle lower ahead of the OPEC+ meeting and EU ban on Russian oil

Oil futures settle lower ahead of the OPEC+ meeting and EU ban on Russian oil

MARKET PULSE Oil futures finished with a loss on Friday, but ended higher for the week. The rebound in crude-oil prices recently is due to “some optimism that even though China is battling rising COVID rates, authorities will be much more flexible in how they implement restrictions and lockdowns,” said Michael Hewson, chief market analyst at CMC Markets UK.