Brent Above $80

Brent  Above $80Brent  Above $80

Oil prices rose for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut. Brent rose $1.03 to settle at $80.36 a barrel, on Saturday. It had risen as much as $2.28 earlier to a session high of $81.61, TradeArabia reported.