Oil down second day, weekly gain cut on Saudi output worry | Reuters:
"Oil slid on Friday for a second day, giving back more of the week's gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut.
The number of oil rigs in the United States notched another weekly decline, but crude prices did not move much on the data from oil services firm Baker Hughes.
Gasoline prices RBc1 retreated from Thursday's seven-month highs. Traders said the fuel remains fundamentally strong due to summer driving demand and relatively low pump prices."
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