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Oil prices set for weekly drop on Trump’s election rout

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The National
“Oil prices set for weekly drop on Trump’s election rout”

Oil prices rose on Friday but were still on track to post a sharp weekly drop amid uncertainty over the Iran war, after US President Donald Trump’s Republican Party suffered heavy losses in this week’s midterm elections. Middle East supply concerns continue to support oil prices as the regional conflict drags on. Brent, the benchmark for two thirds of the world's oil, was up 1.68 per cent at $99.94 a barrel at 9.03am UAE time, while West Texas Intermediate, the gauge that tracks US crude, was…

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