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Oil Prices Slightly Weaker After 2% Gains Overnight

Oil costs exchanged somewhat lower on Friday in Asia.

U.S. Crude Oil WTI Futures slipped 0.1% to $$52.47 by 12:18 AM ET (04:15 GMT). Worldwide Brent Oil Futures dropped 0.2% to $57.27.

Refering to a Saudi oil official, Reuters detailed today that Saudi Arabia is wanting to keep up its Crude Oil sends out underneath 7 million barrels for each day in August and September.