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WTI oil set for 2% weekly gain on Fed optimism, Venezuela tensions
short by / on Friday, 5 December, 2025
WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating US-Venezuela tensions and stalled peace talks in Moscow.It would be a second straight week of increases. Brent crude inched up 0.09% to $63.32, while WTI rose 0.07% to $59.71.