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.

Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.

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