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As peace in Ukraine continues to elude, oil prices are set to snap a two-week losing streak
The oil prices were essentially unchanged on Friday, but they were on course to end a two-week losing run as the hope of immediate peace between Russia & Ukraine dimmed. This increased the risk premium that oil sellers demanded. Brent crude futures dropped 4 cents at $67.63 per barrel by 0052 GMT. West Texas Intermediate crude futures also fell 1 cent, to $63.51. Both contracts rose more than 1% the previous session. Brent has gained 2.7% in the past week while WTI is up 1.1%. As traders lose hope that U.S. president Donald Trump will quickly broker a peace deal,...