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Commodities

Oil Prices Slip for First Time in Week Amid Tensions in Middle East

Guavy AI Editorial Team
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Stocks on Wall Street ended the day in mixed fashion on Friday as oil prices fell for the first time in a week.

The decline came amidst growing concerns about the global flow of oil, which is threatened by heavy fighting in the Middle East.

Oil prices have been rising due to tensions between the US and Iran, but they slipped 0.3% on Friday, marking their first decrease in a week.

Investors are also contending with new tariffs from the Trump administration and worries about the economy suffering under the weight of stubborn inflation.

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