Oil prices ended lower on Friday and also posted weekly declines for the first time in three weeks as traders weighed signals from the U.S. Federal Reserve on its inflation-fighting policy and reports that an agreement could be reached to restore shipping through the Strait of Hormuz.
Brent crude futures settled 39 cents, or 0.43%, lower at $89.31 a barrel, while West Texas Intermediate crude futures fell 13 cents, or 0.16%, to settle at $83.40 a barrel. For the week, Brent declined more than 5%, while WTI fell more than 4%.
-copy-29e15046.jpeg?w=600)
