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Futures Movers: Oil climbs as demand worries ease, Libyan violence raises risks to supply

Oil futures traded higher on Friday, set to recover much of the sharp loss suffered a day earlier, as violence in Libya raised the risks to the nation’s oil production and economic data from China helped ease concerns over a slowdown in energy demand.

The announcement of a major energy deal also appeared to provide a boost early Friday in oil prices toward the session’s highs.

U.S. benchmark West Texas Intermediate crude for May delivery CLK9, +0.90% on the New York Mercantile Exchange rose 55 cents, or 0.9%, to $64.13 a barrel, after losing 1.6% on Thursday.

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