Oil prices retreat as market weighs mixed supply signals
Oil prices eased on Friday after a sharp climb as the market refocused on recovering Middle Eastern supplies. However, potential US-Iran tensions and supply vulnerabilities provided a floor for both major benchmarks.
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Brent Crude Oil fell 70 cents, or 0.7%, to $101.61 a barrel on Friday morning after recovering Middle Eastern supplies offset rising geopolitical tensions involving United States and Iran.
