Crude oil and refined product futures prices were falling Friday morning, putting contracts on track to end the week and month significantly lower.

Oil prices fell as traders focused on hopes for a U.S.-Iran deal despite continued hostilities, tight inventories, and the effective closure of the Strait of Hormuz.

Oil prices fell on Thursday as hopes of a possible agreement between the US and Iran to prevent further escalation in the Middle East conflict and reopen the Strait of Hormuz…

Commodity poised for one of biggest monthly declines, while global stock markets rally

Crude oil and refined product futures prices were falling Friday morning, putting contracts on track to end the week and month significantly lower.