Economic news

Oil prices rose

Oil prices rose on Friday and were on track for solid weekly profit due to positive demand signals, production problems in Nigeria and a reported reduction in stocks.

Brent crude futures rose 43 cents to $48.85 a barrel. WTI crude futures rose 37 cents to $46.45 a barrel.

Shell declared force majeure on exports of Nigeria's Bonny Light crude oil due to the closure of one of its two export pipelines.

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