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Oil prices extend losses on expectations talks to ease Middle East supply woes
Crude fell for a fifth day as traders bet talks could reopen the Strait of Hormuz, while U.S. data showed distillate stockpiles dropped 2.2 million barrels.
Aug 27 : Oil prices fell on Thursday, extending a streak of multiple days of losses, on expectations talks between Iran and Qatar may open the key Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down 60 cents, or 0.7 per cent, to $87.24 a barrel by 0004 GMT,