Oil Up, But Heads Towards Big Weekly Decline Over COVID-19, OPEC+ Deal Uncertainty.

Oil was up Friday morning in Asia, but was headed towards the biggest weekly decline since mid-March 2021. Worsening outbreaks of COVID-19 involving the Delta variant in some countries and uncertainty over an Organization of the Petroleum Exporting Countries and allies (OPEC+) deal to boost supply clouded the short-term outlook for the black liquid, however.

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