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Oil prices fall as Iran nuclear deal retains support

Reuters  |  NEW YORK 

By Jessica Resnick-AultNEW YORK (Reuters) - Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that U.S. allies would push to maintain a deal with Iran, which could keep that country's crude exports on global markets.In another sign global supplies could rise further, data in the afternoon showed U.S. crude producers added 10 rigs in the latest week. Crude prices remained just below multi-year highs, with Brent on track for a weekly 2.8 percent gain and U.S. crude a 1.2 percent weekly rise."It's the same witches brew of bullish stuff: Iran, ...

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First Published: Sat, May 12 2018. 01:04 IST
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