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Oil set for biggest weekly drop since February as war risk fades

Not least due to signs of reduced geopolitical risk in the Middle East, global oil prices are heading towards the largest weekly decline in months.
Photo: Ann Saphir/Reuters/Ritzau Scanpix
Photo: Ann Saphir/Reuters/Ritzau Scanpix
By Elizabeth Low, bloomberg news

Oil headed for its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East and weakening across fuel markets.

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