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Oil Prices: Geopolitical risk premiums due to the Israel-Hamas war, which had kept prices high due to global supply risks, are also fading, with Israel and Hamas considering a temporary ceasefire and holding talks with international mediators.
Oil prices drop as dollar strengthens and traders take profits, but market could resume rally next week on easing inflation and supply disruptions
Heavy trading in Dubai oil has lifted its premium to WTI crude to its highest since late March, a development that could make U.S. crude even more competitive in Asia
Oil prices ease as global growth concerns weigh on energy demand despite Saudi Arabia's output cut pledge. Economic factors and dollar strength impact crude market.