Oil down $1 on likely end of Turkey pipeline fire

Fri Aug 8, 3:23 AM
SINGAPORE (Reuters) - U.S. crude futures fell more than $1 on Friday toward $119 a barrel, as supply concerns eased after a fire on a salient oil pipeline in Turkey may be put out on Friday or Saturday.
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(Reuters)

SINGAPORE (Reuters) - U.S. crude futures fell more than $1 on Friday toward $119 a barrel, as supply concerns eased after a fire on a salient oil pipeline in Turkey may be put out on Friday or Saturday.

A stronger U.S. dollar also prompted funds to exit commodities, prompting oil prices to fall $1.01 a barrel to $119.01 by 3:06 a.m. EDT.

(Reporting by Felicia Loo; Editing by Ramthan Hussain)