CRUDE OIL LIVE UPDATE BY POWERCOMMODITY.COM

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(Oil stages sharp bounce, a day after snapping win streak)

Crude-oil futures early Friday in New York popped higher, on pace to book weekly gains, as investors focused on tightening inventories, including signs of shrinking output from Iran, according to market participants.
Overall momentum for crude prices has been tilted to the upside against a weakening dollar that has also contributed to the mostly bullish weekly trend for crude futures.

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