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Oil edges down at Friday’s settlement   

Oil edges down at Friday’s settlement   

Mubasher: Oil futures settled near stability on Friday, losing 0.5% for the week.

June Nymex WTI inched down $0.04, or 0.1%, to close at $61.66 per barrel. 

Prices were affected by the conflict in the Arabian Gulf and the Sino-American trade spat, which takes a new level as the US announced imposing $200 billion additional tariffs on Chinese imports.