Market News

    Oil prices set for sharp weekly declines on US-Iran peace deal prospects

     Oil prices edged lower in Asian trading on Friday and were headed for weekly declines as investors weighed the prospects of a U.S.-Iran agreement and reports that both sides were close to extending a fragile ceasefire.

    As of 21:55 ET (01:55 GMT), Brent Oil Futures expiring in July eased 0.5% to $93.24 per barrel, while West Texas Intermediate (WTI) crude futures fell 0.9% to $88.17 per barrel.

    Source : Investing.com