Oil prices increased by 1% on Friday, remaining nearly unchanged for the week. Investors considered the unlikely swift end of the Ukraine war, which could result in more Russian energy supplies returning to Western markets. There were concerns about global oil supply and demand, along with geopolitical tensions, that could impact future prices.
Crude oil hovers below $95 amid Iran war peace talks. What to expect next?
Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual