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Direct: Oil prices rose more than 2% on Friday, but are heading for weekly losses, following the sharp decline recorded yesterday.
At 0610 GMT, Brent crude for October delivery rose 2.2% to $ 61.81 per barrel.
US futures for September delivery rose 1.8% to $ 54.91 per barrel.
US crude fell 8%, the largest daily drop in four years to $ 53.95 per barrel, its lowest level since June 10.
Oil prices fell after US President Donald Trump announced a new 10% tariff on Chinese goods worth $ 300 billion from next month.
Trump pointed out that tariffs are separate from the current 25% applied to products worth $ 250 billion.
The introduction of new tariffs occurred despite the fact that Trump had acknowledged that trade negotiations between his country and China this week were constructive.
Baker Hughes is expected to announce data on US crude oil platforms for the week ending today.
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