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WATCH CRUDE OIL LIVE NEWS UPDATES

Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity.

Brent crude  dropped 35 cents, or 0.5 percent, to $74.10 a barrel by 0657 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent.


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