18-11-2016 12:32 via uk.news.yahoo.com

Oil set for first weekly gain in five on OPEC deal optimism

By Ahmad Ghaddar LONDON (Reuters) - Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger U.S. dollar capped gains. Brent crude oil futures were flat at $46.49 per barrel at 1101 GMT. U.S. West Texas Intermediate (WTI) crude oil futures were down 7 cents at $45.35 a barrel and were on track for a their first weekly gain in four.
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