Oil Prices Head for Second Weekly Loss as Trump Maintains Iran Blockade - NewsTmes.com.ng
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Brent's futures dropped 37 cents, or 0.4%, to $95.45 a barrel at 1015 GMT.
Brent and WTI are heading for their second consecutive weekly fall, while the slightest concern over direct escalation coexists with attacks on ships and signs of moderate demand in the United States.
Brent futures dropped 37 cents, or 0.4%, to US$95.45 a barrel at 10:15 GMT. American West Texas Intermediate (WTI) futures yielded 68 cents, or 0.8%, to US$88.06
Oil prices head for second weekly loss as Trump maintains Iran blockade - NewsTmes.com.ng
Oil prices were on course for a second consecutive weekly decline on Friday as US President Donald Trump maintained Washington’s blockade of Iran, easing fears of further military escalation in the Middle East despite continuing threats to global energy supplies. Brent crude futures fell 28 cents, or 0.29 per cent, to $95.54 per barrel, while …
Oil Heads for Second Weekly Loss Amid US Blockade on Iran
Oil prices were mixed on Friday but remained on course for a second consecutive weekly decline, as the United States signalled its intention to maintain its blockade of Iran. This has reduced the likelihood of a renewed large-scale conflict that could disrupt Middle Eastern supplies, although attacks on vessels continue to pose a risk.
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