Oil drops on weak sentiment, set for weekly decline
Oil prices fell on Friday, marking a second weekly decline amid mixed economic data and a stronger dollar. Brent crude dropped to $84.50, U.S. WTI to $82.10. Strong U.S. labor data boosted the dollar. China's slower growth and Japan's inflation impacted sentiment. Despite declining U.S. stockpiles, rising global stocks led to bearish trends. OPEC+ unlikely to change output cuts.
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