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Oil falls on oversupply worries despite Iran sanctions - CNBC
CNBC | Oil falls on oversupply worries despite Iran sanctions CNBC Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand. Brent crude oil was down 70 cents at $76.19 per barrel by 0740 GMT ... Oil prices fall as focus switches to oversupply Oil market's calm masks signs of stormy trading ahead Saudi Arabia's might as an oil producer is being tested |
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