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News 2026-10-16 00:54 UTC

Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

By Sam Li and Lewis Jackson BEIJING, Oct 16 (Reuters) — Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world’s "shadow fleet" of tankers. Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT, while US West Texas In