Prices rise for a fifth consecutive day, with Brent heading for $80 amid supply concerns
An oil tanker is loaded in Saudi Arabia. Picture: REUTERS
Brent crude was up $1.14, or 1.5%, at $79.23 a barrel by 2.08am GMT, having risen a third consecutive week. US Oil added $1.11 or 1.5% to $75.09, its highest since July, after rising for a fifth consecutive week last week.Rising gas prices as also helping drive oil higher as the liquid becomes relatively cheaper for power generation, ANZ analysts said in the note.
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