Oil falls for second straight week as war premium evaporates (NYSEARCA:USO)

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Crude oil closed with its second straight weekly loss, as the risk premium from the Israel-Hamas war has dissipated with the conflict remaining contained, returning focus to signs of soft demand.

Recent data showed U.S. oil stockpiles rising in the past

evaporatesfallsNYSEARCAUSOOilPremiumStraightwarweek
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