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Oil Updates — crude set for steepest weekly decline in two years as risk subsides

LONDON: Oil prices rose on Friday though were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. Brent crude futures were up 51 cents, or 0.75 percent, to $68.24 a barrel at 3:02 p.m. Saudi time, while US West Texas Intermediate crude was up 51 cents, or nearly 0.8 percent, to $65.75.

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Oil Updates — crude set for steepest weekly decline in two years as risk subsides

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Oil rises after 2-day slump as traders assess Iran-Israel ceasefire

Brent crude rose about 1 per cent to near US$68 a barrel, after slumping 13 per cent over the past two days, while West Texas Intermediate was above US$65.

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Oil Updates — crude set for steepest weekly decline in two years as risk subsides

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Oil Updates — crude set for steepest weekly decline in two years as risk subsides

Oil rises after 2-day slump as traders assess Iran-Israel ceasefire

Timeline cronologica

Oil Updates — crude extends losses on lower Middle East supply risk

Oil Updates — crude tumbles after Israel agrees to Trump’s proposal on ceasefire

Oil rises after 2-day slump as traders assess Iran-Israel ceasefire

Oil Updates — crude rises more than 1% as investors assess Iran-Israel ceasefire, demand outlook

Oil Updates — prices climb as investors shift focus to demand signals

Oil Updates — crude steady as investors watch Iran-Israel ceasefire, demand signals

Oil Updates — crude set for steepest weekly decline in two years as risk subsides

Oil Updates — crude set to log steepest weekly decline in 2 years as war premium vanishes