Oil dips around supply fears

Oil prices fell about 1%, heading for a weekly loss of over 6%, with investors worried about oversupply as the US said it will temporarily spare eight jurisdictions from Iran-related sanctions.

Oil dips around supply fears

By Devika Krishna Kumar

Oil prices fell about 1%, heading for a weekly loss of over 6%, with investors worried about oversupply as the US said it will temporarily spare eight jurisdictions from Iran-related sanctions.

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