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Oil prices climb but are on track for a weekly loss as investors doubt the prospects of a breakthrough in US-Iran peace talks.
Brent crude futures rise $1.66, or 1.6 per cent, to $104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures are up $1.11, or 1.2pc, at $97.46.
On a weekly basis, Brent is 4.6pc lower and WTI is down 7.6pc, with prices fluctuating sharply as expectations for a peace deal shift.
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