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Oil Edges Lower on Discounted War Risks, Demand Worries Oil edged lower as traders discounted risks of a broader war in the Middle East, while a fourth straight weekly build in U.S. crude...
Brent futures rose $1.34, or about 1.7%, to $78.76 a barrel by 1349 GMT. U.S. West Texas Intermediate crude (WTI) was at $74.1, up $1.2, also roughly 1.7%.
Brent crude oil futures fell 68 cents, or 0.8%, to $85.19 a barrel by 11:07 a.m. ET (1507 GMT). U.S. West Texas Intermediate crude futures were 67 cents, or 0.8%, lower at $83.55. At their session lows, both benchmarks were down more than $1.
Oil prices dropped by 2% as concerns about uncertain demand outweighed the decision by OPEC+ to maintain oil output cuts. Brent crude futures have fal
Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report