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International Business Times
International Business Times
Business

Oil Drops Below $100 As U.S.-Iran Clashes Continue, But Have Climbed More Than 10% This Week

Oil prices are pairing gains on Friday but have climbed more than 10% this week.

Oil prices are pairing gains on Friday, with Brent crude dropping below $100, but have climbed more than 10% this week as clashes between the U.S. and Iran continue to escalate.

The international benchmark fell 2.85% and stood at $97.82 per barrel at 9:46 a.m. ET, while West Texas Intermediate, the U.S. benchmark, dropped 2.36% and stood just above $90 a barrel at the same time.

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