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Futures Movers: Oil prices set sights on longest streak of gains in 10 months

Oil prices headed higher for a seventh-straight session Friday, poised for their longest streak of gains since August as investors weighed prospects for further declines in U.S. crude production.

August West Texas Intermediate crude CLQ7, +0.87% added 31 cents, or 0.7%, at $45.24 a barrel on the New York Mercantile Exchange. If prices end higher, that would mark the longest run of session climbs since the seven-week run ended Aug. 19, 2016.

WTI prices have shed about 10.6% for the quarter and were ready to tally a decline of 15.8% for the first half of the year, according to FactSet data, based on the most-active contracts.

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