Bullionguru’s, “Live News Update”

An employee of Indonesian oil company Pertamina walks on the top of drums at the oil storage depot in Jakarta in this September 1, 2005 file photo. REUTERS/Beawiharta/Files

Oil edges upil  but still set for biggest weekly drop in a month
Oil edged up on Friday but was still set for the biggest weekly drop in a month over doubts that an OPEC-led production cut will restore balance to a market dogged by oversupply.
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