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Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost.Brent crude futures for September settlement, due to expire on Friday, gained $2.89 to trade at $110.03 a barrel. Due to the weakness of the dollar globally, this has caused currencies to purchase oil at a cheaper price. 

Oil prices pushed up by low chances of OPEC+ supply boost

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Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost.Brent crude futures for September settlement, due to expire on Friday, gained $2.89 to trade at $110.03 a barrel. Due to the weakness of the dollar globally, this has caused currencies to purchase oil at a cheaper price. 

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