WTI crude fell sharply during the week as traders scaled back expectations of a major U.S.-Iran escalation, outweighing support from a large drawdown in U.S. oil inventories.

Oil prices drop and global markets rebound after a brief Israel-Iran military escalation gives way to a fragile truce and diplomatic talks.

Crude oil surges past $90 after US-Iran strikes escalate Strait of Hormuz fears, while Bitcoin drops to six-week lows below $73K on risk-off sentiment.

Oil prices dropped Friday, extending previous losses as U.S. President Trump canceled planned strikes on Iran, easing fears of escalating hostilities. Brent futures fell 1.3% and…