![weaker us dollar also helped support oil as it makes oil cheaper for those holding other currencies photo reuters weaker us dollar also helped support oil as it makes oil cheaper for those holding other currencies photo reuters](https://i.tribune.com.pk/media/images/Oil-reuters1641305116-0/Oil-reuters1641305116-0.jpg)
Oil prices edged higher on Friday, still above $100 a barrel, but were set for a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market.
Brent crude futures rose $0.38, or 0.7%, to $107.02 a barrel by 12:05 PM EST (1505 GMT), a day after surging nearly 9% in the biggest daily percentage gain since mid-2020.
US WTI crude futures were up $0.77, or 0.8%, at $103.75 a barrel, adding to the previous session's 8% jump.
Both benchmark contracts were set to end the week down around 6%, after trading in a $16 range. Prices hit 14-year highs nearly two weeks ago, encouraging bouts of profit taking since then.
Russia said an agreement had yet to be reached after a fourth day of talks with Ukraine.
Published in The Express Tribune, March 19th, 2022.
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