Crude oil soars Friday, still ends week lower


(MENAFN- ProactiveInvestors - Australia)

The volatility in oil prices remains very high, as the markets brace for this weeks UK vote on its status within the European Union.

Brent crude futures jumped 4.3% to US$49.25 a barrel, with West Texas Intermediate climbing 3.8% to US$47.98 a barrel.

The previous session both of these benchmarks lost around the same value.

For the week, crude ended lower.

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