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8/7, 12:55 PM (Source: TeleTrader)
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Oil prices decline amid US economic uncertainty

Prices of oil futures declined on Friday as discussions on another economic relief legislation in the United States have seemingly hit a stalemate, thus possibly causing demand concerns. Also, the daily number of coronavirus-related deaths in the US surpassed 2,000 yesterday, soaring by almost 800 compared to the day before.

Brent for October deliveries decreased by 0.75% to go for $44.74 per barrel at 6:44 am ET, while West Texas Intermediate (WTI) for settlements in September lost 0.95% to sell for $41.55 per barrel at the same time.

Breaking the News / MS