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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe dollar strengthened on Friday and mixed economic signals combined to influence investors. However, oil prices fell, moving towards a second weekly decline
.Brent crude prices fell by 38 cents, or 0.5%, to $84.73 per barrel at 00:35 GMT. West Texas Intermediate U.S. crude futures fell 50 cents, or 0.6%, to $82.32 per barrel. On a weekly basis, Brent crude fell by 0.3% while WTI traded slightly higher after sliding as much as 0.2% on
Friday.The US dollar index rose for the second straight session after better than expected US labor market and manufacturing data at the start of the week. A stronger dollar is holding back demand for oil denominated in dollars from investors with other currencies
.Indeed, oil prices found some support over the previous two sessions after the US government reported a larger than expected weekly drop in oil inventories. At the same time, the OPEC+ producer group is unlikely to recommend changing the group's production policy
.
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