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Oil Prices Set For Another Weekly Gain
Crude oil prices were set for a weekly gain despite a slide earlier today, mostly on renewed optimism about U.S.-Chinese trade negotiations but also on supply uncertainty in Venezuela in Iran. At the time of writing, Brent crude was trading at $65.15 per barrel, with West Texas Intermediate at $63.18 per barrel, following President Trump’s statement that the latest talks, directly with China’s Xi, had ended in a “very positive conclusion,” and that the U.S. was “in very good shape with China and the trade deal,”…