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Oil prices fall, but on track for weekly gain

Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, hurt by supply concerns and worries about progress in U.S.-China trade talks.

International benchmark Brent futures dropped 26 cents, or 0.4 percent, to $69.14 a barrel by 0229 GMT, having touched $70.03 in the previous session, the highest since Nov. 12.

U.S. West Texas Intermediate (WTI) crude was down 1 cent at $62.09. The contract fell 36 cents in the previous session, having hit $62.99 on Wednesday, its highest since November.

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