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The Economic Times
The Economic Times

Oil prices little changed as US-Iran peace efforts hold

Oil Iran United States Strait of Hormuz Citi Gulf Kuwait

Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace between the U.S. and Iran.

Brent futures were up 14 cents, or 0.19%, at $71.94 a barrel by 2:31 p.m. ET (1831 GMT), ending the week just 5 cents lower than last Friday's close. West Texas Intermediate was up 9 cents, or 0.13%, at $68.78 a barrel.

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