Oil heads for 3rd weekly decline on easing Middle East supply risks

Oil prices fell more than 3% on Friday and remained on track for a third consecutive weekly decline, as improving traffic through the Strait of Hormuz and optimism over a U.S.-Iran peace agreement outweighed renewed concerns after a cargo ship was attacked near Oman. As of 05:23 ET (09:23 GMT), Brent Oil Futures expiring in ...

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