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Oil prices are set for a 5% weekly drop, with Brent at $65.99 and WTI at $63.72, as Trump's new tariffs raise demand concerns. Weak US jobs data and OPEC's planned September output hike add pressure. Analysts warn supply could outpace demand by year-end despite summer strength. Retail sentiment on USO stays neutral.
short by / 02:48 pm on 08 Aug
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