Oil Prices Ease on US Iran Truce Hopes
Oil prices fell about one percent as markets weighed potential US and Iran truce talks against ongoing supply risks in Saudi Arabia. Brent futures dropped to 105.46 dollars while WTI fell to 93.56 dollars.
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Brent Crude Oil fell 1.1% to $105.46 a barrel on Friday as markets weighed diplomatic talks against escalating Middle Eastern supply risks. The decline pared weekly gains for global benchmarks amid persistent geopolitical tensions. Prices retreated as traders balanced potential de-escalation against infrastructure attacks in key producing regions.
