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Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Brent futures rose 73 cents, or 1.0%, to $76.59 a barrel by 0650 GMT, while U.S. West Texas Intermediate crude climbed 62 cents, or 0.9%, to $72.48.

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