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Oil Gains Weekly as Dovish US Fed Weakens Dollar

Friday, July 12, 2019

Oil Gains Weekly as Dovish US Fed Weakens Dollar

Oil prices gained this week as a dovish U.S. Federal Reserve signaling an interest rate cut this month weakened the American dollar and increased crude demand around the world. International benchmark Brent crude was trading at $66.67 per barrel at 1140 GMT, heading for a 3.6% weekly gain, after it opened Monday at $64.34 a barrel.








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