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Oil Set For Weekly Gain Amid Iran War Concerns

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Oil prices eased slightly on Friday after slumping from a two-day rally the prior day as markets speculated that escalation of U.S.-Iran hostilities would be limited. The repricing suggests a modest relief in perceived geopolitical risk, weighing on near-term oil momentum.

Analysis

Oil prices eased slightly on Friday after slumping from a two-day rally the prior day as markets speculated that escalation of U.S.-Iran hostilities would be limited. The repricing suggests a modest relief in perceived geopolitical risk, weighing on near-term oil momentum.

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