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Oil slips in breather after run to 9-month high as COVID-19 surge stokes demand fears

MELBOURNE (Reuters) – Oil prices eased on Friday but stayed within touching distance of nine-month highs hit overnight as soaring COVID-19 cases weigh on fuel demand and U.S. lawmakers continue to battle over a $900 billion economic stimulus package.

U.S. West Texas Intermediate (WTI) crude futures slipped 7 cents or 0.1%, to $48.29 a barrel at 0218 GMT, while Brent crude futures fell 13 cents, or 0.3%, to $51.37 a barrel.

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