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The Economic Times
The Economic Times
Business

Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

Oil United States Sanctions Donald Trump International Energy Agency Yemen Saudi Arabia

Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world's "shadow fleet" of tankers.

Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT, while US West Texas Intermediate crude futures CLc1 were down 54 cents, or 0.55%, to $97.43.

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