Concerns over global growth lower oil prices on Friday morning. The drop is however kept in check by increased tensions in the Middle East, which might disrupt supply routes and send prices soaring, and by OPEC's production cuts.
A barrel of the European reference oil, Brent, Friday morning costs USD 63.22 against USD 63.56 Thursday afternoon. The US WTI oil is concurrently traded at USD 56.70 against USD 56.99 Thursday afternoon.
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