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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Ends Week Mixed on Geopolitical Uncertainty, Supply Hopes

United States Russia Iran Ukraine
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo

Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil exports.

Brent crude futures settled 57 cents, or 0.6%, higher at $93.54 a barrel, while US West Texas Intermediate (WTI) crude ended down 69 cents, or 0.5%, at $91.07 a barrel. US markets will be closed on Monday for the Presidents Day holiday.

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