Crude Oil sees a bounce on Friday, still set for another down week with WTI below $72

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• WTI’s Friday bounce still sees Crude Oil down for a seventh straight week.
• US Crude Oil fell to a near-term floor of $69.01 on Thursday.
• OPEC’s pumping caps are seeing little impact as Chinese demand slumps.

Crude Oil markets are seeing a moderate recovery on Friday with West Texas Intermediate (WTI) climbing two percent on the day, but pressured oil markets are still set for a seventh straight week of declines.