Oil prices fell on Friday as fears regarding Middle Eastern supply diminished. This shift followed statements from U.S. President Donald Trump about Iran, which calmed global market anxieties.
According to trading data:
Brent crude is on track to achieve weekly gains after rising by 4% at Thursday’s close. In contrast, WTI is expected to record a slight weekly decline, despite supply disruptions caused by a hurricane approaching the Gulf Coast of the United States, the world’s largest oil producer.
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