Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022

Oil futures settled lower on Friday and logged their biggest weekly decline since 2022 as traders positioned ahead of Iran-U.S. talks aimed at securing a permanent ceasefire. The move reflects geopolitical risk easing in the near term, pressuring crude prices and the broader energy complex. The decline is material enough to influence energy markets and commodity-linked assets.

Analysis

Oil futures settled lower on Friday and logged their biggest weekly decline since 2022 as traders positioned ahead of Iran-U.S. talks aimed at securing a permanent ceasefire. The move reflects geopolitical risk easing in the near term, pressuring crude prices and the broader energy complex. The decline is material enough to influence energy markets and commodity-linked assets.