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المشهد العربي
Oil prices close lower amid hopes for de-escalation in the Middle East
Oil prices declined at the close of trading on Friday, supported by hopes of easing tensions in the Middle East and continued steady flow through the Strait of Hormuz, following a reduction in retaliatory strikes between the United States and Iran. Moreover, the potential negotiations scheduled for next week helped boost market confidence, despite rising concerns over a possible decline in the oil surplus due to geopolitical tensions. Brent crude fell by 0.38% to $76.01, while WTI dropped by 0.93% to $71.41, with weekly gains of 5.39% and 3.96%, respectively.
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