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Futures Movers: U.S. oil prices pressured by strong dollar, benchmark Brent supported by Mideast tensions

Oil futures fell Friday as choppy trading continued in the wake of an extension to OPEC production curbs and ongoing tensions in the Middle East.

Futures prices were unable to extend Wednesday’s gain, which came as U.S. government data showed domestic crude supplies fell a third straight week, but by a lot less than the market expected. U.S. markets were closed Thursday for the Independence Day holiday.

Investors in risk-on markets, including oil and U.S. stocks, were tuned in to a June hiring report due out Friday morning and any implications it may have for an expected interest-rate hike at the end of the month, as well as the overall economic picture.

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