LONDON: Oil prices edged lower on Friday but were on track to gain over 3 percent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and an unexpected decline in US stockpiles, according to Reuters.

Brent crude oil futures were down 59 cents or 0.6 percent to $84.83 a barrel at 13:20 a.m. Saudi time, after topping $85 a barrel for the first time since November on Thursday. US West Texas Intermediate crude were down 56 cents or 0.6 percent to $80.70.

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