Oil prices settled higher on Friday, buoyed by growing expectations that OPEC will find a way to cap production at the end of the month as the flexibility shown by more OPEC members on Iran. The front-month in WTI rose 1.45 percent to $45.58 a barrel. The front-month in Brent crude futures closed 1.93 percent higher to $46.89 a barrel. The spread between the two benchmarks stood at $1.31 a barrel.

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