SINGAPORE: Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the upcoming U.S. summer driving season.
Brent crude futures for July were down 21 cents, or 0.2%, at $117.19 a barrel at 0642 GMT after rising as high as $118.17 earlier in the session. The benchmark was still on track for a gain of about 4% this week.
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