Oil Prices Slip But Head For Weekly Gains
Oil prices retreated from multi-month highs on Friday but remained on track for weekly gains of over 8 percent. U.S. diesel prices reached a record high amid ongoing shipping disruptions in the Middle East.
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Brent Crude Oil fell 2.81% to settle at $104.61 a barrel on Friday, though the benchmark remains on track for an 8% weekly gain. The pullback followed reports of potential diplomatic talks regarding shipping lanes, even as supply concerns persisted.
