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00:02Oil prices fell Friday but stayed on track for a third straight weekly gain
00:05after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, according to Reuters.
00:11Red crude dropped 2.4 percent per barrel but remained up nearly 4 percent for the week.
00:15U.S. West Texas Intermediate crude for July rose 1.1 percent, with the more active August contract up 0.4 percent.
00:22Prices had surged nearly 3 percent on Thursday after Israel bombed nuclear targets in Iran,
00:27prompting retaliatory strikes from Tehran.
00:28Brent trimmed the gains after the White House said President Trump would decide on U.S. intervention within two weeks.
00:34Panmere Liberian analyst Ashley Kelty estimated that the current risk premium tied to the conflict is about $10 per barrel.
00:41He warned that if the conflict escalates to attacks on oil infrastructure or shipping disruptions,
00:46oil prices could reach $100 per barrel.
00:48For all things money, visit Benzinga.com.
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