Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.

Oil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US and Iran are creating disruptions in…

Oil prices are heading for a second consecutive weekly gain as escalating U.S. pressure on Iran and continuing supply risks strengthen the bullish case for crude.