Oil on track for weekly loss even as Iran tensions simmer
Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report, that US President Donald Trump is not interested in returning to previous deal terms with Iran. Brent crude futures were down 25 cents, or 0.3%, to $89.45 a barrel by 0035 GMT. West Texas Intermediate crude futures fell 22 cents, also 0.3%, to $83.31. Both benchmarks were poised to end the week lower, with Brent down 5.3% and WTI falling 4.3%.