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Perth: Oil prices fell on Friday for the first time in six days as the US government studied the possibility of intervening in the futures market to stop rising prices and granting exemptions to Indian refineries to buy Russian crude oil with the aim of easing supply restrictions resulting from the war in the Middle East.
By 02:51 GMT, Brent crude futures fell $1.14, or 1.33 percent, to $84.27 per barrel, and US West Texas Intermediate crude futures fell $1.46, or 1.8 percent, to $79.55.
(Reuters)
