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Oil Prices Poised for Weekly Decline on Oversupply Concerns

17 Nov 2017, 08:03 UTC+00
Oil prices were stable on Friday following recent declines, but are bound for their first weekly drop in six weeks as worries regarding the surging U.S. supplies hurt the market's recent rally. Brent crude oil futures stood at $61.31 per barrel, falling 5 cents from their last settlement. Meanwhile, U.S. WTI crude futures traded at $55.32 per barrel, up 18 cents or 0.3...
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