FRIDAY LATEST OIL NEWS UPDATED BY (shreemcx.com)

Oil prices moved lower in early morning trade on Thursday as demand worries continued to exert downward pressure on the sector. Trading was expected to be thin due to the Fourth of July holiday in the U.S.

U.S. crude oil futures fell 33 cents, or 0.6%, to $57.01 at 7:28 AM ET (11:28 GMT), while Brent oil traded down, 9 cents, or 0.1%, to $62.73.

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