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The Independent UK
The Independent UK
Business
Shweta Sharma

Oil on track for weekly gains as US-Iran strikes push ceasefire to brink

Oil prices fell marginally in early Friday trading but remained on track for weekly gains as the US and Iran strikes pushed the fragile ceasefire to the brink and raised fears of a return to full-scale war.

West Texas Intermediate, the US crude benchmark, lost 4 cents, or 0.06 per cents, to $72.04 on Friday morning. Brent futures, the international benchmark, dropped 6 cents, or 0.08 per cent, to $76.24 a barrel early on Friday.

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