India, July 10 -- Oil prices were a tad lower on Friday, after having slumped to end a two-day rally the previous day on speculation the escalation of hostilities between the U.S. and Iran will be limited.
Brent crude prices were down 0.2 percent at $76.16 a barrel but remained on track for a 6 percent weekly gain after the U.S. carried out strikes on 90 Iranian targets and Tehran retaliated by targeting American bases in Bahrain, Jordan and Kuwait. WTI crude futures were down 0.3 percent at $71.85.
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