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Oil dips as sanctions easing eyed
Oil prices slightly declined today, Friday, as investors await potential easing of U.S. sanctions on the shadow fleet transporting oil from countries like Russia, Iran, and Venezuela. At 0012 GMT, Brent futures fell by 0.39% to $105.51 per barrel, while West Texas Intermediate futures dropped by 0.55% to $97.43. This followed a surge in U.S. crude inventories, which helped support prices, amid considerations by the Trump administration to lift sanctions on some shadow fleet vessels to reduce shipping costs and lower global prices.
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