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Oil prices logged a second consecutive weekly decline as concerns over a resurgence of the Iran conflict eased.
International oil prices fell during the session as the ongoing U.S. blockades on Iran eased market concerns over a reignited conflict in the region, marking a second consecutive weekly decline. As of 05:27 GMT, Brent crude futures fell 28 cents, or 0.29%, to $95.54 a barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped 56 cents, or 0.63%, to $88.18 a barrel.
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24H Trending
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WTI crude oil rose 3.23% from its previous close, currently trading at $89.034
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Gold fell 2.66% from its previous close, currently trading at $3,881.04.
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The 10-year US Treasury yield rose by about 8 basis points from the previous close, currently standing at 5.08%.
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The yield on the 30-year US Treasury bond rose by about 8 basis points from the previous close, currently standing at 5.44%.
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