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Oil prices set for second weekly decline as Trump to stay with Iran blockade
PERTH: Oil prices were mixed on Friday, but set for their second weekly decline, as the US plans to continue its Iranian blockade, reducing the chance of renewed large-scale fighting that could disrupt Middle East supplies, though attacks on shipping remain a danger. Brent futures were little changed, down 1 cent at $95.41 a barrel at 0242 GMT. West Texas Intermediate (WTI) declined by 20 cents, or 0.25%, to $88.52 a barrel. Friday’s declines reversed two days of gains amid a volatile trading week with earlier hopes for a rapprochement of the US-Israel war against Iran, now in its ninth mon...
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