Crude oil futures edged higher on Friday morning after Hezbollah rejected a ceasefire between Lebanon and Israel. Hezbollah’s rejection impacted the ongoing efforts to broker a peace deal between the US and Iran.

Brent crude slipped 0.6 per cent to $94.45 a barrel, retracing some of Monday's gains

Oil prices fell 1.7% after Trump signaled a ceasefire deal in Lebanon, with Brent at $93.35 and traders watching Friday's jobs report.