Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This follows the Hezbollah militia rejecting a new ceasefire in Lebanon. Fighting in the Middle East has caused oil prices to rise this week. Global oil inventories are a concern for the third quarter.

Prices could hit $150 a barrel if truce falters and Strait of Hormuz remains closed, analysts say

Prices rise for third day as fresh fighting flares up in the Middle East