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The Economic Times
The Economic Times
Business

Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities

Oil Iran United States Masoud Pezeshkian Saudi Arabia Tim Waterer Middle East

Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes.

Brent was down 74 cents, or 0.69%, to $105.85 a barrel at 0032 GMT, while West Texas Intermediate (WTI) was down 81 cents, or 0.86%, at $93.80 a barrel.

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