FOX LIVE NEWS UPDATE

UPDATE 6-Oil dips on trade dispute, Iran sanctions tighten outlook

10 (Reuters) – Oil prices fell on Friday on worries that global trade disputes will slow economic growth and demand for fuel, but losses were limited by U.S. sanctions against Iran which look set to tighten supply.

Benchmark Brent crude oil LCOc1 was down 50 cents a barrel at $71.57 by 0725 GMT. U.S. light crude CLc1 was 40 cents lower at $66.41 a barrel.
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