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Oil prices rose about $2 a barrel on Friday, recouping most of the previous session's declines. Brent crude futures were up $1.81, or 1.7%, at $110.84 a barrel. Supply outages in Libya and expected shutdowns in Norway outweighed expectations of an economic slowdown.

Oil prices pared some gains on Friday after the release of industry data showing U.S manufacturing activity slowed more than expected last month. For the week, Brent was on track for a gain of about 2%, while WTI was set to hold unchanged. The data added to evidence that the country's economy was cooling as the Federal Reserve tightens monetary policy.

The Institute for Supply Management's index of U.S. factory activity dropped to 53.0 last month. Still, low crude and fuel supplies supported the oil market even as the dollar rose. Libya declared force majeure at the country's two oil ports on Thursday.
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