Browsing: Oil prices

Oil prices posted steep weekly losses Friday as signs of de-escalation between Iran, Israel and the US eased fears of disruptions to global crude supplies, reversing gains made earlier in the week amid heightened Middle East tensions.

Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.