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Summary is AI Generated. Newsroom Reviewed
Quick Read
Summary is AI Generated. Newsroom Reviewed
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US oil prices headed for biggest weekly loss since June, falling over 5% this week
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West Texas Intermediate traded below $64 a barrel amid concerns over supply impact
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US doubled import levies on India to 50% for buying Russian crude
Oil headed for the biggest weekly loss since June, as traders judged that US efforts to end to the war in Ukraine would not impact supplies, even as Washington imposed penalties on India for importing Moscow’s crude.
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