Oil Heads For Weekly Gain Amid Norwegian Supply Cut….LATEST NEWS HIGHLIGHTS BY ROYAL TRADERS

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 Oil prices eased on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25% due to a strike by oilworkers.

Brent (LCOc1) was down by 8 cents at $43.26 a barrel by 0740 GMT, having gained more than 3% on Thursday. U.S. West Texas Intermediate (WTI) crude (CLc1) dropped 5 cents at $41.14 after also gaining more than 3% on Thursday.

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