Oil headed for weekly fall, prospect of Iran deal stokes fears of extra supply

Oil headed for weekly fall, prospect of Iran deal stokes fears of extra supply
# 18 February 2022 07:37 (UTC +04:00)

Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine, APA reports quoting Reuters.

Brent crude futures fell 47 cents, or 0.5%, to $92.50 a barrel at 0410 GMT, extending a 1.9% drop from the previous session.

U.S. West Texas Intermediate (WTI) crude futures shed 62 cents, or 0.7%, to $91.14 a barrel, after sliding 2% in the previous session.

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