Oil prices fell on Friday as concerns over Middle Eastern supplies diminished. This shift followed statements from U.S. President Donald Trump regarding Iran, which helped calm global market anxieties.
According to trading data:
Brent crude is on track for 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 U.S. Gulf Coast, the world’s largest oil producer.
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