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[HIBISCS] Oil price slips as trade war worries outweigh Iran sanctions, OPEC output up,

Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the decline.

Benchmark Brent crude oil fell 35 cents to settle at $77.42 a barrel. U.S. crude slipped 45 cents to settle at $69.80.

Brent closed the month 4.3 percent higher while U.S. crude gained 1.5 percent. Oil has been buoyed by tumbling Venezuelan output and declining shipments from Iran ahead of the imposition of U.S. sanctions on Tehran in November.

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