Oil Pulls Back, Posts Weekly Loss as Geopolitical Risk Premium Ebbs

(Reuters) – Oil prices settled more than 2% lower on Friday as supply concerns driven by Middle East tensions eased, while jobs data raised expectations the U.S. Federal Reserve could be done hiking interest rates in the biggest oil consuming economy. Brent crude futures were down $1.92, or 2.3%, to $84.89 a barrel. U.S. West … Read more

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