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Brent nears weekly gain as Middle East supply concerns linger
Brent was last around $105.0 per barrel, while WTI fell sharply to about $92.6 per barrel in the same session.
Oil prices were lower on the day, but Brent was still positioned for a weekly gain as traders weighed ongoing concerns about Middle East supply security, OilPrice said.
The outlet noted that the risk sentiment persists even with reports of a potential U.S.-Iran deal and estimates of oil flows leaving the Strait of Hormuz.
At the time of writing, Brent crude was trading near $105.0 per barrel, down about 1.5% on the day, while WTI was around $92.6, down about 18.4%.
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%
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