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Amidst the fear of investors that the tariff war between the US and China would harm the global economic growth, oil prices climbed up on Friday. The price rose on the back of hope that a deal could be struck between Washington and Beijing in the near future. Benchmark Brent went up by 0.7% and was traded at $70.85 a barrel. WTI increased by 1% and was traded at $62.29 per barrel.