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Oil heads towards second consecutive weekly gain on supply concerns

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Oil prices rose on Friday and were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were up 12 cents, or 0.2%, at $72.12 a barrel by 0850 GMT. U.S. West Texas Intermediate ...

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