Oil prices are on track for a weekly recovery boosted by a broadly weaker U.S. dollar and hopes for stronger demand. Brent crude and West Texas Intermediate (WTI) both ticked 0.1% higher at $76.70 a barrel and $71.67 a barrel. Prices regained ground after the U.S. Federal Reserve on Wednesday hinted at interest rate cuts next year—a sign of hope for economic growth and oil demand—and are now on course to break a losing streak of seven weeks.
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