A pause in fighting between Israel and Iran-backed Hezbollah in Lebanon, and President Donald Trump's statement that the US and Iran are "very close" to making a deal to end the weeks-old Middle East war has sent oil prices down on Friday.
Brent crude oil price decreased by more than 3 percent to $96.22 a barrel, while the US-traded WTI fell by more than 4 percent to $90.84.
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by Joji Xavier
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