Oil extends slide, heads for weekly loss amid reports of U.S.-Iran draft deal

Oil extended a slide from the previous session on Friday, as hopes grew that a peace deal between the U.S. and Iran which would reopen the Strait of Hormuz may be signed soon. Brent crude futures, the global oil benchmark, were last down by 4.3% at $86.47 a barrel, while U.S. West Texas Intermediate crude ...

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