Oil prices edged lower on Friday due to pressure from a stronger dollar, but are expected to settle higher after a volatile week as optimism over raising the U.S. debt ceiling largely offsets concerns about oversupply and worsening economic conditions.
While crude prices still retreated on Thursday, they retained a majority of the gains made this week after U.S. policymakers signaled some progress towards raising the U.S. debt limit and avoiding default.
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