Author: Sienna De Silva
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U.S. Grants 30-Day License for Nations to Purchase Stranded Russian Oil, Prompting Price Drop
Oil prices saw a decline on Friday morning following the U.S. government’s issuance of a 30-day license permitting countries to purchase Russian oil and petroleum products currently stranded at sea, alleviating some supply concerns. By 0123 GMT, Brent futures had fallen by 71 cents, or 0.71%, reaching $99.75 per barrel, while U.S. West Texas Intermediate
