Oil prices fall more than $1 as supply threat eases | Reuters

Oil prices fall more than $1 as supply threat eases | Reuters:



"Oil prices fell more than $1 on Friday, after sharp gains in the prior session, as worries of a disruption to supplies due to Saudi Arabia-led air strikes in Yemen eased.



Goldman Sachs said the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination.



Brent LCOc1 was down $1 at $58.19 a barrel at 0817 GMT, after touching $57.93 earlier. U.S. crude CLc1 was down 96 cents at $50.47 a barrel, after hitting $50.25 earlier."



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