Oil Prices Fall On US Iran Truce Hopes
Oil prices declined as optimism regarding a potential truce between the United States and Iran outweighed supply concerns from Houthi attacks on Saudi Arabia. Brent crude dropped to 105.26 dollars a barrel while WTI fell to 92.78 dollars.
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Brent Crude Oil fell 1.3% to $105.26 a barrel during Friday afternoon trade as diplomatic efforts offset supply disruption fears. Prices drifted lower despite ongoing Middle Eastern security risks impacting regional crude flows.
