Oil prices dip as markets weigh potential US-Iran truce
Oil prices edged lower on Friday as markets assessed the likelihood of a truce between the United States and Iran.
Key Takeaways
AIOil prices slipped slightly on Friday as markets weighed mixed factors, including the possibility of a truce between the United States and Iran.
Brent crude fell by 74 cents, or 0.69%, to $105.85 a barrel as of 00:32 GMT. West Texas Intermediate (WTI) dropped 81 cents, or 0.86%, to $93.80 a barrel.
On Thursday, oil prices had climbed to a one-week high, with Brent crude settling up 3.4% and WTI rising 2.7% at the close.