New York oil prices rose more than 1 percent at settlement on August 14, driven by Middle East developments.
Brent crude futures gained USD 1.45 to settle at USD 88.52 a barrel, while US West Texas Intermediate (WTI) crude futures advanced USD 1.15 to reach USD 82.40 a barrel.
The week saw Brent crude post a gain of 6 percent and WTI climb 5.4 percent.
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