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Oil slides nearly 2% as markets look past fresh Iran tensions and focus on supply outlook
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- Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions.
- International benchmark Brent crude futures for August slipped 1.89% to $73.84 a barrel.
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Oil extended declines on Friday as investors monitored developments in the Middle East conflict while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions.
International benchmark Brent crude futures for August slipped 1.89% to $73.84 a barrel. U.S. West Texas Intermediate futures for August declined 1.92% to $70.54according to per barrel.
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