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Oil prices rose on Friday on the back of China's declaration of holdig a talk with the US government. The world's two major economies have been in a trade dispute from a long time and will meet in the coming week to discuss solutions. Meanwhile, Brent futures went up by 0.7% and were traded at $56.33 a barrel. WTI climbed up by 1.4 % and was traded at $47.73 per barrel.