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Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities
Brent fell 0.69% to $105.85 a barrel as traders weighed talks that could reopen the Strait of Hormuz and ease supply risks.
Summary by Reuters
Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes.
WASHINGTON: Oil prices fell slightly on Friday as markets weighed the possibility of a ceasefire between the United States (US) and Iran against Houthi rebel attacks on Saudi Arabia after prices surged over the past week. Brent crude fell 74 cents, or 0.69 percent, to US$105.85 a barrel (RM430.68) while West Texas Intermediate (WTI) fell 81 cents, or ...