Oil rises on cooling US inflation, strong summer demand





Oil prices increased during early Asian trading on Friday due to indications of robust summer demand and decreasing inflationary pressures in the United States, the world's largest oil market.


Brent crude futures climbed 37 cents to $85.77 per barrel by 0031 GMT, while U.S. West Texas Intermediate crude futures rose 50 cents to $83.12 per barrel.


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