OIL PRICE: NEAR $68
REUTERS - Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
U.S. West Texas Intermediate (WTI) futures were at $59.68 per barrel at 0559 GMT, up 38 cents, or 0.6 percent, from their last settlement.
WTI futures were set to rise for a fourth straight week and were on track to rise 31 percent in the first three months of the year.
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