Oil prices erase gains in early U.S. trade, set for weekly falls
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LONDON (Reuters) - Oil prices dipped on Friday, erasing earlier gains, as concerns about rising new coronavirus cases in the United States and China and expectations of U.S. output ticking up while crude stockpiles linger at record highs.Brent crude futures were 17 cents lower at $40.88 at 1233 GMT. U.S. West Texas Intermediate (WTI) crude futures were 39 cents at $38.33, erasing previous gains.The contracts are on track for weekly falls of around 3% and 3.5%, respectively, after record U.S...