Oil set for weekly drop as Mideast risk premium eases for now
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HOUSTON (Reuters) - Oil edged lower on Friday, set for its first weekly loss since late November, erasing the week's risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply. However, markets were still eyeing the longer-term risks of conflict, and prices were briefly supported on Friday by new U.S. sanctions on Iran in retaliation for its missile attack on U.S. forces in Iraq this week.Also, a..