Oil prices rise amid bargain buying and supply outlook
Oil prices increased slightly with Brent crude up 0.2% to $71.96 per barrel, driven by bargain buying and improved supply outlook following a Middle East peace deal. Traders are closely watching U.S.-Iran negotiations for further developments.
after close1 source ↓written by the desknot a recommendation
- 0.2%
- per barrel
- $71.96
- steady
- $68.66
Oil prices saw a slight increase on Friday, with Brent crude up 0.2% to $71.96 per barrel and WTI steady at $68.66. This uptick comes as traders react to improved supply expectations following a recent peace deal in the Middle East, offsetting geopolitical risks. Investors remain cautious yet optimistic about ongoing negotiations between the U.S. and Iran.
Not investment advice. For informational purposes only.