Oil Prices Set for 6th Weekly Gain on More Supply Cuts

Oil Prices Set for 6th Weekly Gain on More Supply Cuts
Branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia, on Oct. 12, 2019. Maxim Shemetov/Reuters
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LONDON—Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through September.

Brent crude futures for October rose 43 cents to $85.57 a barrel by 0825 GMT, while U.S. West Texas Intermediate crude for September were up 47 cents to $82.02.