Oil prices climbed Friday, buoyed by supply risks tied to geopolitical tensions in the Middle East and the potential for an oil-workers’ strike in Nigeria, as well as signs of higher demand following a rise in November Chinese crude imports. Prices, however, fell for a second-straight week on concerns over rising U.S. oil production. January West Texas Intermediate crude rose 67 cents, or 1.2%, to settle at $57.36 a barrel on the New York Mercantile Exchange. It lost roughly 1.7% for the week.
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