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Oil sinks more than 1% amid doubts about tariff rollback

“Oil futures slumped Friday as skepticism around a rollback of tariffs in China-U.S. trade talks eroded bullish sentiment on crude prices” writes Mark Decambre for marketwatch.com. For the week, U.S. benchmark oil prices are on track to climb 0.3%, according to FactSet data. Looking ahead, investors await a weekly report from Baker Hughes on rigs drilling for oil, with the oil-field services firm reporting last week that the number of rigs drilling for oil fell by 5 to 691.January Brent crude BRNF20, -1.94%, the international benchmark, shed 91 cents, or 1.5%, to $61.38 a barrel on ICE Futures Europe, following a 0.9% gain on Thursday.
Source: marketwatch.com

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