Oil edges down but WTI set for record 10th week of gains


SINGAPORE: Oil prices edged down on Friday after rising more than 2% in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East.

West Texas Intermediate for July delivery was at $60.66 a barrel by 0648 GMT, down 6 cents on the day but poised to post gains for the 10th week.

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