Oil Prices Pare Losses Amid Supply Concerns
Oil prices pared earlier losses as markets assessed ongoing Saudi supply disruptions and Middle East conflicts. Brent crude fell slightly while US benchmarks gained. Analysts monitor regional shipping and pipeline repair timelines.
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Brent Crude Oil fell by 33 cents, or 0.31%, to $104.49 a barrel on Friday afternoon, paring earlier sharp losses as markets weighed regional supply disruptions. West Texas Oil rose 88 cents, or 0.86%, to $102.79.
