The prices of oil futures declined by more than 1% on Friday as some United States sources shared there was progress achieved in the new round of negotiations about a ceasefire and prisoner exchange between Israel and Hamas. Meanwhile, the media reported Iran and Hezbollah postponed their planned attacks on Israel due to the ongoing talks.
West Texas Intermediate (WTI) for September’s deliveries sell for $75.98 per barrel. At that minute, Brent for October’s settlements to go for $79.09 per barrel.