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Oil Drops on Ceasefire Talks, Ease in Supply Disruption Concerns

US oil tanker

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By Adedapo Adesanya Oil depreciated on Friday as the possibility of a ceasefire deal in Gaza outweighed strong seasonal fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures lost 89 cents or 1.02 per cent to close at $86.54 a barrel and the US West Texas Intermediate (WTI) crude futures […]

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