WTI Crude breaks under $100 per barrel, sheds 3% on the day

WTI Crude oil slipped after heavy gains and broke under $100 per barrel on Friday but remained on track for a sharp weekly gain as the escalating US-Iran conflict heightened concerns over prolonged supply disruptions. WTI crude futures are quoting at $99.40 per barrel, down 3% on the day after surging more than 6% yesterday to their highest level since May. Oil is up around 9% this week.

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