Oil prices rise

Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.

Brent crude futures were up $1.29, or 1.5%, to trade at $86.63 a barrel at 1024 GMT.

U.S. West Texas Intermediate (WTI) crude futures were up $1.56, or 2%, at $79.50 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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