Oil prices rose on Thursday as OPEC forecast relatively strong growth in global oil demand over the next two years, while the market also eyed disrupted U.S. oil production amid a cold blast and tensions in the Middle East.
Brent crude futures gained 49 cents, or 0.6%, to $78.37 a barrel by 0740 GMT, while U.S. West Texas Intermediate crude futures rose 70 cents, or 1.0%, to $73.26.
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