Remarks by President Donald Trump about a U.S. “armada” on its way to Iran reversed a Thursday drop in oil benchmarks, setting them for a weekly gain. At the time of writing, Brent crude was trading at $64.50 per barrel, with West Texas Intermediate at $59.78 per barrel, after shedding 2% on Thursday following the latest developments in the U.S.-Europe rift over Greenland and President Trump’s declaration that he would not impose tariffs on European countries after all. As for the “armada”, Reuters quoted a U.S. official…
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